Make it Work HR Terms

Insourcing Definition: Insourcing is performing tasks, operations, or services within the organization rather than delegating them to an external party. It utilizes the existing talent within a company to accomplish a goal or solve a problem. Insourcing process (how does insourcing work?) The insourcing process begins with identifying a task, service, or operation that needs to be […]

Informed Candidate Definition: An informed candidate is an individual who has thoroughly researched the organization and the role for which they are applying before attending an interview or engaging in the application process. This means they have a solid understanding of the company’s culture, products or services, mission, industry standing, and they have read the

Definition: An individual employment agreement (IEA) is a legally binding contract between an employer and an individual employee. This agreement outlines the terms and conditions of employment and ensures that both parties understand their rights, responsibilities, and obligations within the employment relationship. Key components of an individual employment agreement typically include: Job Details: Position Title:

Individual Contributor Definition: An individual contributor is an employee who is not responsible for managing or supervising other employees and primarily focuses on performing specific organizational tasks or functions. Individual contributors are specialists or experts in their respective fields or domains and contribute to the organization’s success through their individual skills, knowledge, and performance. Characteristics

Definition: An independent contractor is a person or entity contracted to perform work for another entity as a non-employee. Independent contractors are often self-employed individuals who provide services under the terms of a contract or a freelance agreement. The key distinction between an independent contractor and an employee lies in the work relationship’s degree of

What is incentive pay? Definition: Incentive pay, also known as pay-for-performance, is a compensation strategy that offers financial rewards to employees based on their performance, achievements, or meeting certain predefined targets. Unlike standard wages or salaries, which are paid based on time worked or the duties of a position, incentive pay is designed to motivate

Inbound Recruiting Definition: Inbound recruiting is a strategy that focuses on creating and sharing content to attract candidates to an organization. It’s about engaging candidates with compelling reasons to consider a company as a great place to work and encouraging them to apply for open positions. This approach draws from the principles of inbound marketing, which

What is in-house? Definition: The term “in-house” refers to activities, tasks, or functions that are performed within an organization by its own employees, rather than being outsourced to an external third party. In-house operations are managed and executed internally, utilizing the company’s resources, infrastructure, and personnel. This approach is often used to maintain control, ensure

Definition: Human Resources (HR) are multifunctional departments within an organization responsible for recruiting, managing, developing, and optimizing the workforce to maximize their contribution to the organization’s success, while ensuring the well-being, development, and fair treatment of employees. It encompasses a range of activities, including talent acquisition, training and development, compensation and benefits, performance management, employee

Definition: Human Resource Outsourcing (HRO) refers to businesses hiring external service providers to manage some or all of their human resource functions. This practice enables organizations to focus more on their core business operations while the external expert handles specific HR tasks. The outsourced functions can range from payroll processing and benefit administration to recruiting,