25 Essential HR and Recruitment Terms
Welcome to our guide on 25 essential HR and Recruitment terms!
As a business owner or employee, you may have heard some of these terms before. However, it’s important to fully understand their meanings in order to navigate the world of HR and recruitment more effectively.
- Onboarding: A process of integrating new employees into a company, including training and orientation to help them adapt to the work culture and become productive members of the team.
- Performance appraisal: An evaluation of an employee’s performance, skills, and contributions to the organization, usually conducted annually or bi-annually.
- Job description: A detailed document outlining the responsibilities, duties, qualifications, and expectations for a specific job role within a company.
- Job posting: An advertisement or announcement of an open job position within a company.
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- Recruitment: The process of actively seeking and attracting qualified candidates for job openings within a company.
- Selection: Refers to the process of choosing the most suitable candidate from a pool of applicants for a particular job role.
- Background check: A process of verifying an individual’s employment history, education, criminal record, or other relevant information to assess their suitability for a job.
- Diversity and inclusion: A workplace initiative that promotes the acceptance and value of individual differences among employees, including race, gender, age, ethnicity, sexual orientation, etc.
- Talent acquisition: A strategic approach to identifying, attracting, and hiring top talent for a company’s current and future needs.
- Employer brand: The reputation of a company as an employer, including its culture, values, and employee experience in the workplace.
- Applicant tracking system (ATS): A software application that helps employers manage the recruitment process by collecting and storing applicant data and facilitating the hiring process.
- Compensation: The monetary and non-monetary rewards given to employees in exchange for their work, including salary, bonuses, benefits, etc.
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- Benefits package: A collection of non-wage compensation provided by employers to employees, such as healthcare plans, retirement savings, paid time off, etc.
- Equal employment opportunity (EEO): A principle that prohibits employment discrimination based on factors such as age, sex, race, religion, or disability.
- Human resources (HR): The department responsible for managing and overseeing the employees of a company, including recruitment, training, performance evaluations, and employee relations.
- Culture fit: The alignment between an individual’s values and behaviors with those of a company’s culture and work environment.
- Passive candidate: An individual who is not actively seeking a job but may be open to new opportunities if presented with the right offer.
- Job offer: A formal employment agreement between an employer and a job candidate, outlining salary, benefits, start date, and other relevant details.
- Counteroffer: A response from an employer to a job candidate’s proposed salary or employment terms, often used to negotiate and retain top talent.
- Orientation: A process of welcoming new employees and providing them with necessary information about the company, policies, benefits, etc.
- Training and development: Ongoing efforts to improve employee skills and knowledge through various learning opportunities such as workshops, seminars, online courses, etc.
- Exit interview: A meeting between an employee leaving a company and their employer to gather feedback on their reasons for leaving, overall experience, and suggestions for improvement.
- Employee engagement: The level of commitment, motivation, and satisfaction employees have towards their work and the organization they work for.
- Succession planning: A process of identifying and developing internal employees who have the potential to fill key leadership or critical positions within a company in the future.
- Offboarding: The process of transitioning an employee out of a company, including tasks such as exit interviews, returning company assets, and informing relevant departments about the departure.
And there you have it, the 25 essential HR and recruitment terms that every business owner and hiring manager should know. We’ve covered everything from “onboarding” to “termination”, ensuring that you’re well-equipped with the necessary knowledge to effectively manage your employees and attract top talent.
