Actions & activities that individuals perform in order to give direction to their work lives.
Career Planning
Exit of educated & skilled citizens
... [Show More] from emerging & developing countries for better paying jobs in developed countries.
Brain drain
Brainpower
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People who learn best by relying on their sense of hearing.
Auditory learners
Study of how adults learn.
Andragogy
Pay adjustment given to eligible employees regardless of performance or organizational profitability; usually linked to inflation.
Cost-of-living adjustment (COLA)
Pay rate divided by the midpoint of the pay range.
Compa-ratio
Combining several salary grades or job classifications with narrow pay ranges unto one brand with a wider salary spread.
Broadbanding
Type of interview that focuses on how applicants previously handled real situations.
Behavioral interview
Software that provides an automated way for organizations to manage the recruiting process.
Applicant tracking software (ATS)
Activities that focus on preparing employees for future responsibilities while increasing their capacity to perform their current jobs.
Developmental activities
All financial returns (beyond any benefits payments or services), including salary and allowances.
Compensation
Process by which employees progress through a series of stages in their careers, each of which is characterized by relatively unique, themes, and tasks.
Career development
Payments or services provided to employees to cover issues such as retirement, health care, sick pay/disability schemes, life insurance, and paid time off.
Benefits
Related to technical skills training; often a partnership between employers and unions.
Apprenticeship
Type of interview in which the interviewer asks questions related to competencies for the position and asks candidates to provide examples of times they demonstrated the competencies.
Competency-based interview
5 step instructional design process that governs the development of learning programs.
ADDIE model
Assessment tools that provide candidates a wide range of leadership situations and problem-solving exercises.
Assessment centers
Planned approach to learning that included a combination of instructor-led training, self-directed study, and /or on-the-job training.
Blended learning
Preparing, implementing, and monitoring employees' career paths, with a primary focus on the goals and needs of the organization.
Career management
Clusters of highly interrelated attributes, including knowledge, skills, or abilities (KSA) that give rise to the behaviors needed to perform a given job effectively.
Competencies
A plan of action for accomplishing an organization's long-range goals.
Strategy
Process for assessing an organization's strategic capabilities in comparison to threats and opportunities identified during environmental scanning.
SWOT analysis
Actions, processes, or results that are needed to deliver a desired value.
Value drivers
Vivid, guiding image of an organization's desired future, the future it hopes to attain through its strategy.
Vision statement
Beliefs that are important to an organization and often dictate employee behavior.
Organizational values
A state in which an organization's strategy is consistent with its external opportunities and circumstances and its internal structure, resources, and capabilities.
Strategic fit
The actions that leaders take to move their organizations toward those goals and create value for all stakeholders.
Strategic management
The process of setting goals and designing a path toward a competitive position.
Strategic planning
Performance parameters based on the relationship between 2 or more measures.
Metrics
Statement that specifies what activities an organization intends to pursue and what course management has carted for the future; a concise statement of its strategy.
Mission statement
Ratio of net income (gross sales minus expenses and taxes) to net sales.
Net profit margin
The basic beliefs and customs shared by members of an organization that contribute to an organization's sense of its identity.
Organizational culture
Statement that reports revenues, expenses, and net income (profit) for a specified period.
Income statement
Type of metric that describes an activity that has already occurred.
Lagging indicator
Type of metric that describes an activity that can change future performance and indicate higher degree of success in achieving strategic goals.
Leading indicator
Organization's debts and other financial obligations.
Liabilities [Show Less]