Human Resources Management Key Terms
Learn about key concepts in human resources managementHuman resources management, or HR management, is a vital asset to all medium and large companies. The HR department handles a variety of tasks for the company, including employee benefits, training, discipline and other tasks that work directly with the employees of the company. An HR manager needs a number of skills in order to run an efficient, organized HR department. These skills include organization, multi-tasking, knowledge of professional development and leadership skills.
RetentionRetention is the process of keeping skilled, successful employees at a specific company. Retention can succeed with perks and benefits for the employee, including vacation time, sick leave and recognition programs.
Competency assessmentA competency assessment is a measure of the performance of an individual employee based on criteria that meets the requirements for what a company deems as standard performance.
Employee development, human resources developmentEmployee development is the specific education and training of new employees. Employee development can also refer to an employee's continued education or retraining.
Performance reviewA performance review is a written evaluation of an employee's success to show how well he or she has performed for a specific amount of time. This is given to the employee and used as a learning tool on areas where the employee needs to improve.
Succession planningSuccession planning is another way that HR management can help employees determine their strengths and weaknesses. Succession planning is a way top executives are evaluated by senior management. This helps to prepare backup options for senior officials in the company.
Copyright © 2013 Business.com, Inc. All Rights Reserved.