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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
Ksas
Business services; Human resources
Knowledge, skills and abilities – the personal attributes that a person has to have to perform the job requirements.
Labour market
Business services; Human resources
A geographical or occupational area in which factors of supply and demand interact.
Labour force participation
Business services; Human resources
A rate at which the number of people in the labour 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 programmes designed for all management and executive level employees to assist them in developing the leadership skills and styles required ...
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.
Lump sum payment
Business services; Human resources
A fixed negotiated payment which is not typically included in an employee’s annual salary. Often times given in lieu of pay increases.
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