8 Terms
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Human resources
Referring to the function within an organisation that is charged with managing its employees, often as well as its recruitment process.
Contributors in Human resources
Human resources
job evaluation
Business services; Human resources
Used for compensation planning purposes, it is the process of comparing a job with other jobs in an organization to determine an appropriate pay rate for the job.
ksas
Business services; Human resources
Knowledge, skills and abilities – the personal attributes that a person has to have to perform the job requirements.
labor market
Business services; Human resources
A geographical or occupational area in which factors of supply and demand interact.
labor force participation
Business services; Human resources
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
Business services; Human resources
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 ...
lifo
Business services; Human resources
In the event of a redundancy situation occurring, the system of ‘last in first out’ is regarded as the most equitable method of choosing those who should be made redundant.
