There are several HR models, including the Ulrich model, Harvard model, and McKinsey 7S model. Each model provides a framework for managing human resources effectively, with a focus on aligning HR practices with business strategy and improving organizational performance.
The pillars of HR include recruitment, training and development, compensation and benefits, employee relations, and compliance. These areas form the foundation of HR practices and ensure that organizations can manage their workforce effectively.
HR digitalization refers to the adoption of digital tools and technologies to streamline HR processes, such as recruitment, payroll, and employee engagement. It helps organizations improve efficiency, reduce costs, and enhance the employee experience.
The 7 HR processes include recruitment, onboarding, performance management, training and development, employee engagement, compensation and benefits, and offboarding. These processes ensure that HR functions run smoothly and support organizational goals.
The HR cycle refers to the stages of managing employees, from recruitment and onboarding to development, performance management, and offboarding. It ensures that employees are supported throughout their tenure in the organization.
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.
