The Family and Medical Leave Act is a United States labor law that allows certain employees to take job-protected, unpaid leave for specific family and medical reasons. Employee Relations (ER) is the term used to describe an organization’s efforts to build and maintain a positive relationship with its employees. Employer Branding (EB) is the process of managing and influencing your organization’s reputation as an employer through policies, programs, rewards, benefits, culture, work environment, values, and more. They sit in the company’s executive team and are often also referred to as Chief People Officer. An increasingly globalized world means that employees are now required to meet the needs of workforces living in a multilingual landscape. Complygate has put together a complete list of key HR terms, phrases, acronyms and jargon to assist HR professionals in navigating the extensive, ever-growing HR terminology.
- The Employee Life Cycle (ELC) refers to an employee’s entire journey with their company, from attraction and recruitment to offboarding and beyond.
- Whereas you can for undefined Certification of Sponsorships for defined you cannot apply for an annual allocation.
- Compensatory offs (COs) are days off that an employee earns in addition to their standard paid vacation days.
- COs can be used to extend the employee’s vacation time, take time off for special circumstances, or simply to have an extra day off.
- Employee Net Promoter Score (eNPS) is a metric that indicates how engaged your employees are and how likely they are to recommend your organization as a great place to work.
- Research conducted by McKinsey shows that organizations ranking in the top 25% for diversity are 36% more likely to surpass the financial averages of their sector.
This leader will serve as a key strategic and execution-focused leader to the CHRO and the broader HR executive leadership Team. They will be focused on influencing leadership at all levels of HR to deliver on strategic and operational goals for the HR Function with a planned and thoughtful approach, on schedule, and within budget. Company Name seeks a highly organized, detail-oriented, personable, intelligent, and dedicated junior chief of staff. This person must be able to manage and prioritize multiple tasks and execute projects efficiently. This individual will be outgoing, articulate, and a multi-tasker with a “can-do” service-oriented attitude. The successful individual will anticipate when assistance is needed by identifying issues and solutions before being asked.
- They can also help employees earn extra pay, which can be especially helpful if they are struggling to make ends meet.
- An ability to juggle multiple projects, strong Microsoft skills, and good judgment are expected.
- They ensure that the organization’s HR practices align with its goals and foster a positive and productive work environment.
- Let’s find out the similarities, differences, and roles of the Chief of staff and the HR Director.
- Your COS and the HR Director, in that case, can be considered as two of the most important parts of that puzzle.
Success in the role may lead to higher positions, such as vice president or chief operating officer (COO). No, the Chief of Staff (COS) is typically a distinct role separate from the HR department. While both functions support the company, the COS focuses on strategic planning, operational efficiency, and executive support. On the other hand, HR concentrates on employee-related matters such as recruitment, talent development, and employee relations. If you want to be hired, take time off, or be compensated for a workplace injury, you’ll need to know how to use HR acronyms. They include acts of labor legislation, management terms, and feedback expectations for employees.
HR acronyms and abbreviations you need to know
Recruitment Process Outsourcing (RPO) refers to a type of business process outsourcing where an organization transfers all or part of its recruitment functions to a third-party provider. Pay for Performance (P4P) is a compensation strategy that ties employee earnings directly to their performance, rewarding high achievers with bonuses or higher pay. Objectives and Key Results (OKRs) are a collaborative goal-setting methodology for individuals, teams, and organizations. Learning and Development (L&D) is an essential function of HR and a crucial part of a company’s overall people development strategy.
If these roles are placed the right way, solving the puzzle becomes as easy as pie. If you imagine your organization as a complex puzzle, where different positions serve as different parts of the same puzzle. Your COS and the HR Director, in that case, can be considered as two of the most important parts of that puzzle. With the increasing complexities of running a business, the role of COS is becoming more and more popular in the corporate world. Let’s find out the similarities, differences, and roles of the Chief of staff and the HR Director.
Benefits In Kind (BIK) refer to any non-monetary compensation that employers provide to their employees. Understanding these terms is like second nature for seasoned HR practitioners, but the vast amount of HR acronyms can be overwhelming (and confusing!) for those just starting out. Explore 7 reasons why English is the global business language, its benefits for companies, and how it fosters international growth and success. Learn essential industrial terms, factory vocabulary, and English courses for manufacturing to improve communication and streamline global operations.
Job evaluation
These terms and HR acronyms span a wide range of HR functions – from recruitment and employee development to shaping a positive workplace culture. HR professionals often navigate these concepts to enhance efficiency, ensure compliance, and elevate the overall employee experience. Keep reading to learn how human resources refers to employees’ benefits and job performance with various HR abbreviations.
Management styles
They work as the relationship builder for the CEO by acting as a buffer between the CEO and other executive leaders. Chief of staff is often misunderstood as the head of the HR department because of the word ‘Staff’ used in the designation. But the two are very different in terms of the roles they play in the organization. Ensure safe hiring with tailored background checks for finance, healthcare, education & security roles while staying compliant with legal regulations. The views expressed by the authors on this website do not necessarily reflect the views of the website owners, operators, or any affiliated organizations.
PT: Part Time
The Authors reserve the right to make alterations or deletions to the Information at any time without notice. Talent Acquisition (TA) encompasses the entire hiring process, from identifying and attracting to selecting and retaining qualified candidates. The RACI matrix is a simple yet effective tool that clarifies who does what in a project.
Incentive pay
This leader will work closely with our HR Executive Leadership Team (ELT) and across the HR Senior Leadership Group (SLG). It doesn’t represent, and shouldn’t be construed as a substitute for, professional advice. Please consult your personal legal, financial, or tax counsel to discuss your personal situation. Voluntary Time Off (VTO) is a leave category that gives employees the option to take unpaid time off work. Certain companies use this, for example, when more employees are available to work than needed. Time Off In Lieu (TOIL) means an employee receives paid time off as compensation for working overtime instead of receiving overtime pay.
Overall, compensatory offs can be a great way for employees to get ahead in their work and earn some extra time off. Your Company Name is searching for an experienced chief of staff to join our team and help lead our company to the next level. To be considered an ideal candidate, you must be a self-starter and strategic thinker who acts with a sense of urgency and delivers timely results. It’s vital that you are a team player and can collaborate with a variety of business partners. Preferably, you’ll have at least 5-10 years of experience in a related field of business management, assisting an executive of the C-level. This position requires strong leadership, communication, organizational, and decision-making skills.
The Chief of Staff position is a critical and trusted leadership role as the strategic right-hand person to the CEO. In this role, you will help drive strategic business planning as we continue to double our growth year over year. This is a fast-paced, think-on-your-feet position as you interact and build key relationships with business leaders across the organization.
This blog is for educational and/or informational purposes only and does not constitute tax, financial, or legal advice. Volunteer Time Off (VTO) is a relatively new employee benefit where employees get paid time off to volunteer and give back to their community. Total Target Cash (TTC) refers to the total amount of all the cash-based compensation an employee receives when they achieve the expected results, including their annual base salary and a performance-based target bonus. The Fair Labor Standards Act is a United States labor law establishing the right to a minimum wage, overtime pay, and youth employment standards. Employee Net Promoter Score (eNPS) is a metric that indicates how engaged your employees are and how likely they are to recommend your organization as a great place to work. Compensation and Benefits (C&B) is the term used to describe the total package of monetary and non-monetary rewards an employee receives from their employer in exchange for their work.
Payment in Lieu of Notice (PILON) is compensation paid to employees for their notice period when they are terminated immediately (instead of working through their notice period). Overtime (OT) refers to the time an employee works in excess of their regular working hours. The term is also used to refer to the pay an employee receives from their employer for this time. The Employee Value Proposition (EVP) is the unique set of benefits and values an employee receives in return for their skills, experience, and commitment to the company.
AIHR is an e-learning company on a mission to future-proof HR by offering world-class online training programs for HR practitioners worldwide. In addition to exploring key HR abbreviations cos meaning in hr in this article, you can explore the HR Glossary. Whether you’re clarifying complex jargon or simply broadening your knowledge, this tool will help you deepen your understanding of industry terminology.
