HR compliance is a process of defining policies and procedures to ensure your employment and work practices demonstrate a thorough understanding of applicable laws and regulations, while also being aware of the company's larger human capital resources objectives.
A process that provides the organization with a pool of qualified job candidates from which to choose. Before companies recruit, they must implement proper staffing plans and forecasting to determine how many people they will need.
Employee benefits, also known as perks or fringe benefits, are provided to employees over and above salaries and wages. These employee benefit packages may include disability, medical insurance, vacation, profit sharing and retirement benefits, to name just a few.
Employee training is a program that helps employees learn specific knowledge or skills to improve performance in their current roles. Employee development is more expansive and focuses on employee growth and future performance, rather than an immediate job role.
Team building activities are just that – active. It's about being spontaneous and revealing who you are, as a team, through actions. "Team coaching helps build a learning culture and engage the skills and strengths of the whole team."
Employee compensation is the money or benefits given to an employee in exchange for work. There are three main methods of compensation. Fixed income is pay that remains constant based on time periods or work completed. Variable incomes change based on performance or objectives met, and benefits are additional forms of compensation beyond pay. Employees can be paid in many different ways, including base pay, commissions, overtime, stock options, bonuses, allowances, and perks.
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