Thursday, March 24, 2011

HR Glossary

Coaching

A one-to-one process between a manager and subordinate, whereby the former will ‘train’ the latter. See also Mentoring.

Collective Bargaining

The process by which [an] employer[s] will negotiate employment contracts with [a] union[s].

Competency-based pay

Competency based pay is a compensation system that recognizes employees for the depth, breadth, and types of skills they obtain and apply in their work. Also known as skill based and knowledge based pay.

Competencies

‘an underlying characteristic of a person’ ‘motive, trait, skill, aspect of one’s self-image or social role, or a body of knowledge’.