Friday, August 19, 2011

HR Glossary

Labor Market
A geographical or occupational area in which factors of supply and demand interact.

Labor force participation
A rate at which the number of people in the labor force is divided by the number of people of working age x 100.

Leadership Development
Formal and informal training and professional development programs designed for all management and executive level employees to assist them in developing the leadership skills and styles required to deal with a variety of situations.

Legislation
Law emanating from Parliament in the form of Acts.