Defined benefit plan, also referred to as pension plan, is a retirement plan that pays participants benefits that have been calculated using formulas which include factors...
All HR Glossary articles
Explore our complete glossary of terms and definitions tailored for recruiters and HR managers. This comprehensive guide covers essential recruitment, HR, and talent acquisition terminology to help you stay informed, enhance your strategies, and streamline your hiring processes for success.
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Early return to work program is designed to get employees who have been out of work due to injury or illness to come back to the...
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Executive compensation, also known as executive pay, refers to remuneration packages specifically designed for business leaders, senior management and executive-level employees of a companyExecutive compensation definitionExecutive...
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Forced ranking, also known as a vitality curve, is a controversial management tool which measures, ranks and grades employees' work performance based on their comparison with...
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Goal setting refers to the process of setting specific, attainable targets for individuals or groups.Goal setting definitionGoal setting refers to the process of setting specific, attainable...
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Headhunter, also known as executive recruiter, refers to a company or an individual that provides services for tracking and recruiting qualified candidates for various positions.Headhunter definitionA...
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Job accommodation network refers to a service provided by the US Department of Labor’s Office of Disability Employment Policy which is designed to enable and stimulate...
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Leadership development refers to activities (formal or informal) that enhance skills, abilities and qualities of leaders. Leadership development definitionLeadership development refers to activities (formal or informal) that...
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An Employee Value Proposition (EVP) is a set of offerings provided by an employer to its employees, which is valuable to both the employer and the...
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Non-exempt employee refers to an employee entitled to overtime pay and minimum wage such as blue-collar, construction, semi-skilled and maintenance workers. Non-exempt employee definitionA nonexempt employee is...
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Payroll refers to the company's list of employees and the total compensation provided to them for a fixed time period which includes fixed salary, bonuses and...
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Recruitment process outsourcing refers to a form of business process outsourcing where the company outsources the recruiting process to an external service provider.Recruitment process outsourcing definition...
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Short-term disability refers to a benefit designed to provide temporary income to employees when they become injured or ill and can't perform their work duties. Short-term disability...
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Succession, also called replacement planning, refers to a process of recruiting and cultivating employees to hold key role position in a company in order to ensure...
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Transformational leadership definition refers to a style of leadership that concentrates on energy, motivation and transformation in order to create a positive effect on employee's work...
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Wage drift refers to a difference between the salary negotiated by a company and the one that is actually paid to an employee by the end...
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Resume Parsing is conversion of a free-form resume document into a structured set of information suitable for storage, reporting, and manipulation by software. Resume parsing helps...
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Behavioral interview is an interviewing technique that employers use to evaluate candidate's past behavior in different situations in order to predict their future performance.Behavioral interview definitionBehavioral...
