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Human Resource Management Fundamentals
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Flashcards
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Employee Engagement
A fundamental concept that represents the level of enthusiasm and dedication a worker feels toward their job, which significantly impacts productivity and employee retention.
Onboarding
The process of integrating a new employee into an organization and its culture, which is critical for reducing turnover and enhancing employee productivity.
Performance Management
A continuous process that involves setting employee goals, monitoring progress, and providing ongoing feedback to ensure employees meet their objectives and contribute to the organization's success.
Succession Planning
A proactive strategy that identifies and develops new leaders who can replace old leaders when they leave, retire or die, which ensures the company's stability and growth.
Diversity and Inclusion
Policies and practices that strive to include various forms of diversity in the workplace, which benefits the organization through enhanced innovation, decision-making, and representation of the customer base.
Compensation and Benefits
The total rewards given to employees in return for their service, which include salary, bonuses, health insurance, and other perks, playing a crucial role in attracting and retaining talent.
Compliance with Labor Laws
Ensuring that the company adheres to all legal requirements related to employment, including wages, working hours, and working conditions to avoid legal repercussions and foster a fair workplace.
Talent Acquisition
The process of finding and acquiring skilled human workers for organizational needs and to meet any labor requirement, which involves strategic recruitment to find the best possible talent.
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