Glossary

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What is an employee type?

“Employee type” refers to different kinds of employees an organization can hire. Organizations must consider the legal obligations and regulations applied to each type of employee.

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What is a statutory employee?

A statutory employee is designated by the United States IRS as a unique type of…

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What is an employee retention strategy?

An employee retention strategy is a calculated approach to keeping people motivated to work at…

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What is the employee lifecycle?

Awareness of the employee lifecycle can help HR professionals better understand–and therefore improve–the employee experience…

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What is a recruitment management system?

A recruitment management system (RMS) is software that helps HR conduct the entire recruitment process.…

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What is an agile organization?

An agile organization is a company that responds to unpredictable market changes with resilience and…

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What is a floating holiday?

A floating holiday is a paid day off that an employee can decide to take…

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What is a stay interview?

A stay interview is a formal discussion between a leader and an employee to determine…

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What is a culture fit?

Incorporating culture fit into the HR strategy allows HR to recruit and hire people who…

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What is an HR audit?

An HR audit is a self-evaluation HR departments perform to assess their functionality and compliance…

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What is a gap analysis?

A gap analysis in workforce planning is a process that looks at an organization’s workforce…

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What is occupational health?

Occupational health (OH) is a branch of medicine that focuses on preventing work-induced illnesses and…

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What is revenue per employee?

Revenue per employee (RPE) is a financial metric that measures the average profit each employee…

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What is employee orientation?

Employee orientation is the process of introducing new hires to an organization. Employee orientation aims…

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What is a payroll cycle?

A payroll cycle is an administrative process of paying employees recurring compensation.

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What is a performance development review?

A performance development review (PDR) is a regularly scheduled process where a person’s past and…

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