Nominal Group Technique (NGT) is a structured group decision-making process. Participants first generate ideas independently, then share and rank them collectively. This method reduces bias, encourages equal participation, and helps reach consensus effectively.
A Minority Business Enterprise (MBE) is a company that is at least 51% owned, operated, and controlled by individuals from recognized minority groups. MBEs may qualify for government or corporate supplier diversity programs. Such initiatives aim to promote equal business opportunities and economic inclusion.
Talent management refers to the systematic process of recruiting, developing, and retaining skilled employees. It includes workforce planning, performance management, learning, and succession planning. Effective talent management helps organizations build strong leadership pipelines and improve long-term performance.
Staffing is the process of identifying workforce needs and filling positions with qualified candidates. It includes recruitment, selection, training, and placement. Effective staffing ensures the organization has the right talent to achieve its goals.
Management training refers to programs aimed at developing managerial and leadership abilities. It covers skills such as communication, problem-solving, team management, and strategic thinking. These programs prepare employees for supervisory and leadership roles within the organization.
Lateral joiners are professionals recruited from other organizations into positions at the same level of responsibility. They bring prior experience, industry knowledge, and specialized skills. Companies hire lateral joiners to quickly fill skill gaps and strengthen their workforce.
A job posting is an advertisement issued by an employer to announce an open position. It includes information about job responsibilities, required skills, qualifications, and application instructions. Job postings help attract suitable candidates for recruitment.
A job band is a framework used to categorize positions within an organization into different levels or grades. It is based on factors such as responsibilities, experience, and required competencies. Job bands help maintain fair compensation and clear career progression paths.
An in-house company setup means operations or services are handled internally by the organization’s own employees. Instead of outsourcing tasks to third parties, the company builds its own team and infrastructure. This approach allows better control, confidentiality, and alignment with company goals.
Strategic planning is important because it defines an organization’s long-term goals and the path to achieve them. It helps in effective resource allocation and informed decision-making. Strategic planning enhances competitiveness, adaptability, and sustainable growth.
Holidays are important because they allow employees to rest and recharge from work-related stress. They improve mental well-being, enhance productivity, and promote work-life balance. Holidays also provide time for family bonding, cultural celebrations, and social connections.
Gender identity is a person’s internal understanding and experience of their own gender. It may be male, female, a blend of both, neither, or another identity. Gender identity is distinct from biological sex and sexual orientation.
HRIS means Human Resource Information System. It is a digital platform that stores and manages employee information such as payroll, benefits, attendance, and performance records. HRIS helps streamline HR operations, improve accuracy, and enhance data security.
HR People Analytics involves collecting and analyzing employee data to make informed HR decisions. It helps identify patterns related to performance, retention, engagement, and hiring. By using data-driven insights, organizations can improve workforce planning and overall productivity.
The HR Life Cycle describes the complete journey of an employee within an organization. It includes stages such as recruitment, onboarding, training, performance management, and separation. Managing each stage effectively improves employee experience and organizational success.
HR compliance is the process of adhering to employment laws, workplace regulations, and company policies. It includes maintaining proper documentation, following wage laws, and ensuring fair employment practices. Strong HR compliance helps prevent legal risks and promotes a safe work environment.
A hire strategy refers to the approach an organization uses to recruit and select employees. It includes workforce planning, sourcing methods, screening processes, and employer branding. An effective hiring strategy ensures the right talent is acquired at the right time.
Gender division is the allocation of roles and responsibilities based on gender. In workplaces, it may refer to differences in job roles, leadership positions, or participation rates between genders. Promoting gender equality helps reduce imbalance and supports inclusive growth.
A gazetted holiday is an official public holiday declared by the government and published in the government gazette. On these days, government offices, banks, and many institutions remain closed. Employees are usually entitled to a paid day off on gazetted holidays.
FY means Financial Year. It is a 12-month period used by businesses and governments for accounting and tax reporting. The financial year may vary by country, and income earned during this period is assessed for taxation.