EFQM stands for the European Foundation for Quality Management, a globally recognized excellence model. It helps organizations assess their performance, identify improvement areas, and drive sustainable growth. Companies use EFQM to strengthen leadership, strategy, and overall operational excellence.
Due diligence is the process of carefully examining a company, contract, or investment before making a decision. It helps identify financial, legal, and operational risks in advance. Businesses commonly conduct due diligence during mergers, acquisitions, partnerships, or major investments.
Direct hire refers to hiring an employee as a full-time, permanent staff member of the organization. The employee is added directly to the company’s payroll and receives standard benefits. This approach is commonly used for long-term roles and core business positions.
Corporate Social Responsibility, or CSR, is a business approach where companies take responsibility for their impact on society and the environment. It includes initiatives related to sustainability, ethical labor practices, and community development. CSR helps build trust, brand reputation, and long-term business value.
A consolidated statement is a financial report that merges the accounts of a parent company and its subsidiaries. It shows the combined assets, liabilities, income, and expenses as one entity. This helps stakeholders understand the group’s overall financial position more clearly.
Career Path Ratio is an HR metric that shows how employees progress within an organization through promotions, lateral moves, or role changes. It helps companies understand whether employees have clear growth paths. This insight supports better workforce planning and retention strategies.
Campus hiring refers to the process of recruiting students or recent graduates from educational institutions. Employers visit campuses to conduct interviews, tests, and selection drives. This approach helps organizations build early-career talent pipelines and hire fresh talent efficiently.
C-level executives are the highest-ranking leaders in an organization, with titles such as CEO, CFO, or CTO. They oversee major functions, make strategic decisions, and guide long-term business goals. Their leadership directly impacts company performance and culture.
A Bell Curve is a graphical representation of performance distribution where most employees fall in the average range, with fewer high and low performers. Organizations use it in performance appraisals to standardize ratings and identify top and bottom performers. However, its use is often debated due to fairness concerns.
An audit is a formal examination of an organization’s financial statements, operations, or compliance processes. It helps verify accuracy, identify risks, and ensure rules and standards are being followed. Audits can be internal or conducted by independent external auditors.
Arrear payment is the amount paid to an employee for earnings that were due in a previous pay period but paid later. It commonly occurs after salary revisions, promotions, or payroll corrections. Arrears ensure employees receive the full compensation they are entitled to.
An Applicant ID is a unique code given to each candidate during the recruitment process. It helps employers track applications, interview stages, and hiring decisions accurately. This identifier ensures organized record-keeping within applicant tracking systems (ATS).
Annual gross salary refers to the total amount an employee earns in a year before any taxes or deductions are applied. It includes basic salary, allowances, bonuses, and other earnings. This figure is commonly used for offer letters, tax calculations, and salary comparisons.
Analytical thinking refers to the skill of examining data, situations, or problems in a structured and logical way. It involves identifying patterns, evaluating options, and drawing clear conclusions. This skill is essential for problem-solving, planning, and decision-making across roles.
Agile HR is a people management approach that adapts agile methodologies to human resources practices. It focuses on continuous feedback, cross-functional collaboration, and quick responses to change. This helps organizations better align HR processes with evolving business needs and employee expectations.
An Affirmative Action Plan is a formal policy that helps organizations ensure fair hiring, promotion, and workplace practices. It focuses on reducing discrimination and improving representation of underrepresented groups. Employers often use it to meet legal requirements and support diversity and inclusion goals.
A Shift Timings describe the earliest scheduled work shift in an organization’s daily operations. It typically covers morning hours and is common in manufacturing, healthcare, and shift-based workplaces. Employers use A shifts to ensure continuous operations and balanced workforce scheduling.
360 Degree Feedback is a performance appraisal approach where feedback is collected from multiple sources around an employee. This typically includes managers, colleagues, direct reports, and sometimes customers. It provides a well-rounded view of strengths, weaknesses, and development areas.
Form 15H is a declaration submitted by senior citizens in India to banks or financial institutions to prevent Tax Deducted at Source (TDS) on interest income. It applies when the individual’s total income is below the basic exemption limit. This form helps eligible seniors receive interest income without upfront tax deductions.
The 9 Box Grid is a talent assessment framework that maps employees across two dimensions: performance and potential. It helps managers identify high performers, future leaders, and employees who may need development support. Organizations commonly use it for succession planning and leadership development decisions.