Tuesday, March 1, 2011

HR Glossary

Contract of service

An employment agreement.

Core competencies

The skills, knowledge and abilities which employees must possess in order to successfully perform job functions which are essential to business operations.

Core Labor Force

A small group of permanent workers, for example, strategists, planners.

Corporate mission

The aims and objectives of an organization.

Cost leadership

A strategy of becoming the lowest-cost producer in its industry.

Cyclical unemployment

A form of unemployment – rises in times of economic recession and falls in times of prosperity. Now shows signs of being able to withstand increased prosperity.