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Business Jargons

A Business Encyclopedia

HR

Employee Separation

Definition: Employee Separation refers to the process of termination of the relationship between employee and employer, which takes place when the employee leaves the company. Types  of Employee Separation On the basis of initiation for separation, there are two types of employee separation: Voluntary Separation The form of separation when the employee himself/herself … [Read more...] about Employee Separation

Career Pathing

Definition: Career Pathing refers to the process of lining up the opportunities for the career growth of employees within the organization. In this process, the talent development professional and the employee map out their potential course through the organization. It outlines the steps, pace and length of your work history. It depicts different forms of career progression … [Read more...] about Career Pathing

Job Evaluation

Definition: Job evaluation is described as the process of systematically studying and evaluating various jobs in an organization, in order to determine the value of a job with respect to other jobs. It rates the job prior to the appointment of the employee so that a satisfactory wage differential is established. Process of Job Evaluation Job Evaluation process begins … [Read more...] about Job Evaluation

Employee Attrition

Definition: Employee Attrition refers to the employee's departure process from the company in which employees leave the job due to unavoidable reasons and are not replaced for a long time. This means that the vacancies remain open for a long time or the role is eliminated completely, i.e. the company does not hire anyone else for that position. It is an unexpected reduction … [Read more...] about Employee Attrition

Job Specification

Definition: Job specification can be described as the written statement which lists out the minimum qualification, traits and characteristics (both physical and mental) which the incumbent must possess for getting the job done satisfactorily. It translates the job description into important human qualifications, traits and background required for the performance of the job … [Read more...] about Job Specification

Job Description

Definition: Job Description is a written document which describes the job in the organization, on the basis of the data collected from the job analysis. It covers the job contents such as the roles, responsibilities, scope, working conditions, hazards, location, purpose, duties and tasks of the position in addition to the job title, job summary, designation of the superior … [Read more...] about Job Description

Competency Mapping

Definition: Competency Mapping refers to identifying the knowledge, skills and abilities an incumbent must possess to perform the work efficiently and achieve the organisation's goals. In this process, the key competencies of the firm or job are determined to incorporate the same through different processes. It involves matching the competencies with the job role or … [Read more...] about Competency Mapping

Employee Morale

Definition: Employee Morale is all about the attitude, satisfaction and the purview of employees, about the organization when they were employed there. Generally, organizations with bad working conditions, environment and organizational culture may find low morale in their workers. It determines the employee's enthusiasm, willingness and energy for working or absence of … [Read more...] about Employee Morale

Employee Retention

Definition: Employee Retention refers to the ability of the organization to avoid the turnover of the employees. That is to keep its invaluable manpower. Besides, it is a state wherein the employees opt to stay and work for their current company. Also, they don't look for other job prospects. Therefore, it is diametrically opposite to employee turnover. In addition, it is a … [Read more...] about Employee Retention

Demotion

Definition: Demotion implies the unavoidable reduction in the rank or designation of the employee, within the hierarchy of the organization. It can be a permanent reassignment of the employee to a lower rank than the rank he is working on currently. Further, the rank in which the employee will work after demotion shall contain lower responsibilities and will require a lesser … [Read more...] about Demotion

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