Hrm Terms Ppt

8/3/2019 Hrm Terms Ppt

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Human Resource Management (HRM) is

the function within an organization that

focuses on recruitment , management and

providing direction for the people who work

in the organization.


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HR - human resources

Element within a company which deals with the human

aspects/needs of workers.

Some who work in HR are considered part of the

department, but many people outside of such a

department may have something to do with, not just

the financial aspects of work, but also the human

element of employing workers.


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Human Resource Development (HRD) is the

framework for helping employees develop their personal

and organizational skills, knowledge, and abilities.

Human Resource Development includes suchopportunities as employee training, employee career

development, performance management and development,

coaching, mentoring, succession planning, key employee

identification, tuition assistance, and organizationdevelopment.


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HR

ACCOUNTING

:

Method

to

measure

the

effectiveness

of

personnel

management

activities

and

the

use

of

people

in

an

organization

.

HR

AUDIT

:

A

periodic

measurement

of

human

resources

effectiveness,

conducted

by

internal

staff

or

with

the

use

of

an

HR

audit

system

HUMAN

RESOURCE

INFORMATION

SYSTEM

(HRIS)

:

Business

software

systems

that

assist

in

the

management

of

human

resource

data

(e

.

g

.

payroll,

job

title,

candidate

contact

information)

.


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ATTRITION:

A term used to describe voluntary and involuntary

terminations, deaths, and employee retirements that result

in a reduction to the employers physical workforce. ABSENTEEISM POLICY :

A policy about attendance requirements, scheduled

and unscheduled time off, and measures for dealing with

workplace absenteeism. Repeated absenteeism can lead totermination.


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Apprenticeship : It is a combination of on-the-job training

(OJT) and related classroom instruction under the supervision

of a journey-level craft person or trade professional in which

workers learn the practical and theoretical aspects of a highly

skilled occupation. After completing an apprenticeship program, the

worker's journey-level status provides an additional

benefit of nationwide mobility at journey level scale.


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Bonus : The additional money usually arrives in the

form of a bonus, a supplemental payment not considered a

regular part of an employee's salary.

A bonus may be given to employees who reach a specified

production goal, or to sales executives who exceed an

established quota.


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Benchmarking :

Is the process of comparing one's business processes and

performance metrics to industry bests and/or best practices from other

industries. Dimensions typically measured are quality, time and cost.

Improvements from learning mean doing things better, faster, and

cheaper.

Conglomerate:

Is a combination of two or more corporations engaged in entirely

different businesses together into one corporate structure, usually

involving a parent company and several (or many) subsidiaries. Often,

a conglomerate is a multi-industry company. Conglomerates are often

large and multinational.


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Collective bargaining is a process of negotiations between

employers and the representatives of a unit of employees

aimed at reaching agreements which regulate working

conditions. Collective agreements usually set out wage

scales, working hours, training, health and safety, overtime,

grievance mechanisms and rights to participate in

workplace or company affairs.


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Career planning incorporates short-term and

long-term career goals, personal goals and

constraints.


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CHANGE MANAGEMENT

Change management is a structured

approach to shifting/transitioning

individuals, teams, and organizations froma current state to a desired future state. It is

an organizational process aimed at

empowering employees to accept and

embrace changes in their current business

environment.


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Compensation is a systematic approach toprovide monetary value to employees in exchange

for work performed.

Compensation may achieve several purposes

assisting in recruitment, job performance, and job

satisfaction.


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Competency mapping is a process through which one

assesses and determines ones strengths as an individual worker

and in some cases, as part of an organization. It generally

examines two areas: emotional intelligence or emotional quotient

(EQ), and strengths of the individual in areas like team structure,

leadership, and decision-making


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A demotion is a reduction in an employee's rank or job title within

the organizational hierarchy of a company, public service

department, or other body

The opposite of a demotion is a promotion.


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Empowerment: Giving employees the resources, skills

and authority necessary to share power with management

and make decisions.

Employees are then held accountable for their decisions

and rewarded if appropriate


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Knowledge Management (KM) comprises a range of strategies and

practices used in an organization to identify, create, represent, distribute,

and enable adoption of insights and experiences.

Knowledge Management is the collection of processes that govern the

creation, dissemination, and utilization of knowledge.

Practitioners have included philosophers, priests, teachers, politicians,

scribes, Liberians, etc.


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Internship is a system of on-the-job training for white-collar jobs,similar to an apprenticeship.

Interns are usually college or university students, but they can also be

high school students or post graduate adults seeking skills for a new

career

An internship may be either paid, unpaid or partially paid (in the formof a stipend).

Paid internships are most common in the medical, architecture, science,

engineering, law, business (especially accounting and finance),

technology and advertising fields


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Job analysis: The process of gathering information about the

requirements and necessary skills of a job in order to create a job

description.

Job Description: A written statement that explains the

responsibilities and qualifications of a given job, based on a job

analysis. The job description usually includes specific required

tasks as well as an overview of the position and whom the

employee reports to description


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Mentoring is a process for the informal transmission ofknowledge, social capital, and the psychosocial support

perceived by the recipient as relevant to work, career, or

professional development

Mentoring entails informal communication, usually face-to-face and during a sustained period of time, between a

person who is perceived to have greater relevant

knowledge, wisdom, or experience (the mentor) and a

person who is perceived to have the less (the protg).


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Negotiation:

Bargaining between two or more parties with the goal of reaching consensus

or resolving a problem.

Nepotism:Preferential hiring of relatives and friends, even though others might be

more qualified for those positions

Orientation:

Introducing new hires to the organization and its policies, benefits and

culture. Training and familiarization with each department are sometimes included.


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Redundancy:

Eliminating jobs or job categories as they become

unnecessary to the functioning of an organization

Total Remuneration:

An employees complete annual pay package,

including benefit and pension plans, bonuses,

incentives, and pay checks.


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Outsourcing or sub-servicing often refers to the process of

contracting to a third-party. Outsourcing is usually the term used when a company takes a

part of its business and gives that part to another company.

In recent times, the terms has been most commonly used for

technology related initiatives such as handing over the IThelp-desk to a third-party. But it can also refer to non-

technical services such as handing over the telephone-based

customer service department.


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The advancement of an employee from one job

position to another job position that has a higher

salary range, a higher level job title, and, often,

more and higher level job responsibilities, is called

a promotion.


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An open form of management whereemployees have a strong decision-making role.

Participative management is developedby managers who actively seek a strong

cooperative relationship with their employees.

The advantages of participative

management include increased productivity,improved quality, and reduced costs


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QWL can be define as "The quality of relationship

between employees and the total working environment.

QWL is a process by which an organization responds to

employee needs for developing mechanisms to allow themto share fully in making the decisions that design their

lives at work.


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Recruitment: The process of finding and hiring the

best-qualified candidate for a position


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Retrenchment is something akin to downsizing.

Although retrenchment is most often used in countries

throughout the world to refer to layoffs, it can also labelthe more general tactic of cutting back and downsizing.


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Something given or received in recompense for worthy

behaviour or in retribution for evil acts.

Money offered or given for some special service, such as

the return of a lost article or the capture of a criminal.

A satisfying return or result; profit.

Psychologically the return for performance of a desired

behaviour; positive reinforcement.


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Reengineering is the fundamental rethinking andradical redesign of business processes to achievedramatic improvements in critical contemporary

measures of performance such as:

cost

quality

service

speed


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Succession planning is a process for identifying and developing

internal people with the potential to fill key leadership positions in the

company.

Succession planning increases the availability of experienced and

capable employees that are prepared to assume these roles as they

become available.


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Socialization is a term used by sociologists, social psychologists,anthropologists, politicians and educationalists to refer to the process

of inheriting norms, customs and ideologies.

It may provide the individual with the skills and habits necessaryfor participating within their own society; a society develops a culture

through a plurality of shared norms, customs, values, traditions, social

roles, symbols and languages.

Socialization is thus means by which social and cultural

continuity are attained


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A whistleblower is a person who tells the public or someone in

authority about alleged dishonest or illegal activities (misconduct)

occurring in a government department, a public or private

organization, or a company.

The alleged misconduct may be classified in many ways:

example:

A violation of a law, rule, regulation

A direct threat to public interest, such as fraud, health/safety

violations, and corruption


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Performance Appraisal:

A periodic review and evaluation of an individual's job

performance

The 360 appraisal is that the appraisal given peers,

subordinates, workers, head of the department etc that means the

appraisal given from all the people working in the organization is

360 degree appraisal.

The half yearly report or yearly report of work schedule goes

from the company to the headquarters of all the workers

performance is the appraisal it contains all the demotion, promotion

and other activities related to the performance.


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Hrm Terms Ppt

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