An HR algorithm is a set of rules and calculations used to automate HR processes, such as candidate screening, employee performance evaluations, and payroll management. It helps streamline HR tasks and improve decision-making.
The HR value chain refers to the processes and activities that HR performs to create value for the organization. It includes recruitment, training, performance management, and employee engagement, all of which contribute to organizational success.
HR theory refers to the various models and frameworks that guide human resource management practices, including Maslow’s Hierarchy of Needs, Herzberg’s Motivation Theory, and McGregor’s Theory X and Y. These theories shape how HR professionals manage employees and organizational culture.
A COE in HR is a Center of Excellence that focuses on providing expertise, best practices, and strategic support in specific areas of human resources, such as talent acquisition, employee development, and performance management.
The 5M framework in HRM refers to Manpower, Machines, Methods, Materials, and Money. It highlights the key resources needed for efficient operations and helps HR professionals manage them strategically.
The full form of 5S stands for Sort, Set in order, Shine, Standardize, and Sustain. This methodology is used to improve workplace organization, reduce waste, and enhance employee productivity.
5S Kaizen is a workplace organization method that includes Sort, Set in order, Shine, Standardize, and Sustain. It helps organizations improve efficiency, reduce waste, and create a clean and safe work environment.
The 4 fundamental principles of HRM are fairness, accountability, transparency, and respect. These principles ensure that HR practices are ethical, compliant with regulations, and aligned with the organization’s values, fostering a positive work environment.
The 7 components of HRM are recruitment, training and development, performance management, compensation and benefits, employee relations, compliance, and workforce planning. Together, they form a comprehensive approach to managing an organization’s workforce.
A framework in HR refers to a structured approach to managing human resources processes and functions. It includes policies, procedures, and best practices that guide HR professionals in areas such as recruitment, performance management, and employee development.
