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Human Resource Planning
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Workforce Analytics
Involves using statistical methods and data analysis to improve HR decision-making and to demonstrate the value of HR strategies. HR management can use workforce analytics to predict outcomes, optimize staffing levels, and improve employee retention.
Strategic Workforce Planning
A systematic approach to identifying the workforce competencies required to meet the company’s strategic goals. HR management uses this to align HR processes with the strategic plan, identify future skill requirements, and create a plan to close talent gaps.
Succession Planning
The process to identify and develop new leaders who can replace old leaders when they leave, retire or die. This includes assessing leadership potential, providing necessary training and development, and ensuring a smooth transition in order to protect the company's operational continuity.
Job Analysis
A method for analyzing the duties and responsibilities of a job in order to define its specifications or content and place it in a classification system. HR management uses this to create and revise job descriptions, develop training programs, and in performance evaluations.
Diversity Management
Strategies to promote the representation and participation of different groups of people, including people of different ages, races, and genders within an organization. HR management focuses on creating inclusive policies and a work environment that values diversity.
Employee Engagement Strategies
Focused on creating working conditions in which employees feel motivated to perform at their best. HR management uses these strategies to increase job satisfaction, improve employee motivation, and enhance organizational performance.
Talent Acquisition
The process of finding and acquiring skilled human labor for organizational needs and to meet any labor requirement. HR management may use recruitment marketing, employer branding, and innovative sourcing strategies to attract top talent.
Performance Management Systems
Tools and strategies aimed at ensuring employees are meeting company goals and standards. HR management implements and maintains performance management systems to track performance, provide feedback, and manage employee development.
Learning and Development
The continuous effort of improving employee performance by providing training and educational opportunities. HR management uses it to upskill the workforce, encourage professional development, and maintain competitiveness.
Change Management
The approach to preparing and supporting individuals to successfully adopt change, which can increase organizational success and outcomes. HR management applies change management to smooth transitions and to manage employee resistance and anxiety.
Labor Relations Strategy
The overall plan for managing relationships between the company and its employees or between the company and labor unions. HR management uses labor relations strategy to minimize labor disputes and to negotiate collective bargaining agreements.
Compensation and Benefits Planning
The strategy involved in creating pay structures and employee benefits that align with company objectives, market rates, and employee needs. HR management uses this to attract and retain talent, ensure equity and compliance, and manage costs.
HR Risk Management
The process of identifying, assessing, and controlling threats to an organization's capital and earnings stemming from employee-related issues. HR management can mitigate these risks through regulatory compliance, safe work practices, and effective employee relations.
Organizational Development
A planned, systemic approach aimed at improving the effectiveness of the company through interventions in its processes, structures, and culture. HR management uses organizational development to manage change, improve communication, and bolster team function.
HR Information Systems (HRIS)
Integrated systems used to gather, store, and analyze information regarding an organization's human resources. HR management utilizes HRIS for strategic decision-making, streamlining HR operations, and enhancing data security and privacy.
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