Glossary

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What is employee lifetime value (ELTV)?

Employee lifetime value (ELTV) evaluates the financial value of a team member throughout the employee lifecycle.

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What is job rotation?

Job rotation is a form of internal mobility where team members move between different roles…

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What is HR operations?

HR operations is the backbone of the HR department, ensuring various HR processes and systems…

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What is PTO?

Paid time off (PTO) is a valuable employee benefit that allows people to take leaves…

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What is a learning management system?

A learning management system (LMS) is a type of software that companies use to train…

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What is predictive HR analytics?

Predictive HR analytics is a tech tool that HR uses to analyze past and present…

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What is HR transformation?

Human resources transformation is when an organization makes significant changes to its people management approach.…

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What are salary bands?

Salary bands, also known as pay ranges or pay scales, are ranges of salaries for…

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What is job pricing?

Job pricing is how you establish the right compensation or salary for a specific job…

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What is an employee assistance program (EAP)?

Employee assistance programs, or EAPs for short, are work-based programs designed to identify and assist…

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What are employee files?

Employee files, also known as employee personnel files, are detailed records that contain essential job-related…

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What is job enrichment?

Job enrichment is a motivational strategy that focuses on making the work people do more…

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What is employee enablement?

Employee enablement means empowering employees with the tools, resources, and knowledge they need to do…

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What is a hiring freeze?

A hiring freeze is when a company stops hiring new employees. During a hiring freeze,…

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What is preboarding and why is it important?

Preboarding is the step before onboarding, when new hires get to meet the organization and…

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What is on-demand pay?

On-demand pay is a way for people to receive payment for their work as they…

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