Productivity
Productivity: The set of services a person is expected to provide while occupying his present position.
Productivity: The set of services a person is expected to provide while occupying his present position.
Value of human organization: Present worth of its expected future services to an organization.
Value: The present worth of the services an object is expected to give in future.
Replacement cost: Cost of replacing an existing employee.
Opportunity cost: The rate (actual or assumed) for capitalizing the earnings expected in be earned by an employee.
Historical cost: The expenditure incurred to recruit, train and develop an employee.
Human resource accounting: It is a sophisticated way to measure the effectiveness of personnel management activities and the use of people in an organization.
Job posting: It is a method of publicizing job openings on bulletin boards, electronic media and similar outlets by a company.
Selection: Picking up suitable candidates by rejecting the unsuitable.
Outsourcing: Letting outside vendors provide services.
Temporary employees: Employees hired for a limited time to perform a specific job.
Employee leasing: Hiring permanent employees of another company on lease basis for a specific period as per the leasing arrangement.
Yield ratio: Indicates the number of contacts required to generate a given number of hires at a point of time.
Inducements: Positive features and benefits offered by an organization to attract job applicants.
Job analysis: A systematic investigation into the tasks, duties and responsibilities of a job.