Friday, December 31, 2010

Talent acquisition

Talent acquisition is an ongoing, proactive, and strategic approach to developing a pool of high-potential candidates for current and future openings.
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Thursday, December 30, 2010

Total remuneration

Total remuneration is the complete compensation package awarded employees on an annual basis, including all forms of money, benefits, services, and in-kind payments.
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Wednesday, December 29, 2010

First personnel management department

It's believed that the first personnel management department began at the National Cash Register Co. in the early 1900s, according to an HR Magazine article. After several strikes and employee lockouts, NCR leader John H. Patterson organized a personnel department to handle grievances, discharges, and safety, as well as training for supervisors on new laws and practices.
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Tuesday, December 28, 2010

Cultural intelligence

Cultural intelligence, or CQ, describes one's capability to grow personally through continuous learning and good understanding of diverse cultural heritage, wisdom and values, and to deal effectively with people from different cultural background and understanding.
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Monday, December 27, 2010

Alumni network

SelectMinds CEO Cem Sertoglu suggests that companies maintain an alumni network of ex-employees, according to a recent Inc.com article. Keeping track of former workers can pay off for a business as rehiring a former employee typically costs only about half as much as bringing in a brand-new hire. Rehired alums may also provide sources of new business.
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Sunday, December 26, 2010

Introverts

Nearly 40% of top executives are introverts, according to a recent USA Today article. The term introvert was first used by Sigmund Freud to describe people's attitude of inward energy flow where the preferred focus is on thoughts and ideas. Workplace experts suggest that introverts succeed because they have inner strength
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Saturday, December 25, 2010

Profit-eroding factors

The unintended costs associated with irregular schedules, night shifts and extended hours are eroding the profits of American businesses, according to a study by Circadian Technologies, Inc. The profit-eroding factors for businesses with shift operations include lower productivity, higher absenteeism, greater employee turnover, increased health care costs, and more job-related accidents.
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