Performance management tool that depicts an organization's overall performance, as measured against goals, lagging indicators, and leading indicators
Strategy
Plan of action for accomplishing an organization's overall and long-range goals
Strategic planning
Process of setting goals and designing a path toward a competitive position
Strategic management
System of actions that leaders take to drive an organization toward its goals and objectives
Systems thinking
Process for understanding how seemingly independent units within a larger entity interact with and influence one another
Environmental scanning
Process that involves a systematic survey and interpretation of relevant data to identify external opportunities and threats and to assess how these factors affect the organization currently and how they are likely to affect the organization in the future
PESTLE analysis
Scanning process that searches for environmental forces in political, economic, social, technological, legal, and environmental categories
SWOT analysis
Method for assessment of an organization's strategic capabilities through use of the environmental scanning process, by which internal and external factors affecting achievement of organizational goals are identified and considered
Mission statement
Concise outline of an organization's strategy, specifying the activities the organization intends to pursue and the course its management has charted for the future
Vision statement
Description of what an organization hopes to attain and accomplish in the future, which guides it toward that defined direction
Organizational values
Beliefs and principles defined by an organization to direct and govern its employees' behavior
Value drivers
Actions, processes, or results that are needed to deliver a desired value
Leading indicator
Type of metric describing an activity that can change future performance and predict success in the achievement of strategic goals
Lagging indicator
Type of metric describing an activity or change in performance that has already occurred
Benchmarking
Process by which an organization identifies performance gaps and sets goals for performance improvement by comparing its data, performance levels, and/or processes against those of other organizations
Strategic fit
State in which an organization's strategy is consistent with its external opportunities and circumstances and its internal structure, resources, and capabilities
Key performance indicators (KPIs)
Quantifiable measures of performance used to gauge progress toward strategic objectives or agreed standards of performance
Staffing
HR function that acts on the organizational human capital needs identified through workforce planning and attempts to provide an adequate supply of qualified individuals to complete the body of work necessary for the organization's financial success
Employment branding
Process of positioning an organization as an "employer of choice" in the labor market
Employee value proposition (EVP)
Employees' perceived value of the total rewards and tangible and intangible benefits they receive from the organization as part of employment, which drives unique and compelling organizational strategies for talent acquisition, retention, and engagement
Job description
Document that describes a job and its essential functions and requirements (including tasks, knowledge, skills, abilities, responsibilities, and reporting structure)
Competencies
Clusters of highly interrelated attributes, including knowledge, skills, and abilities (KSAs), that give rise to the behaviors needed to perform a given job effectively
Job specifications
Written statements of the minimum qualifications for the job incumbent
Essential functions
Primary job duties that a qualified individual must be able to perform, either with or without accommodation
Reasonable accommodation
Modifying a job application process, a work environment, or the circumstances under which a job is performed to enable a qualified individual with a disability to be considered for the job and perform its essential functions
Job analysis
Process of systematically studying a job in order to identify the activities/tasks and responsibilities it includes, the personal qualifications necessary to perform it, and the conditions under which it is performed
Sourcing
Process by which an organization generates a pool of qualified job applicants
Recruitment
Process by which an organization seeks out candidates and encourages them to apply for job openings
Head count
Number of people on an organization's payroll at a particular moment in time
Selection
Process of evaluating the most suitable candidates for a position
Selection screening
Analyzing candidates' application forms, curricula vitae, and résumés to locate the most-qualified candidates for an open job
Applicant tracking system (ATS)
Software application that automates organizations' management of the recruiting process (such as accepting application materials, screening applicants, etc.)
Selection interviews
Interviews designed to probe areas of interest to the interviewer in order to determine how well a job candidate meets the needs of the organization
Orientation
Process by which new employees become familiar with the organization and with their specific department, coworkers, and job
Onboarding
Process of assimilating new employees into an organization through orientation programs and their experiences in their first months of employment
Employee engagement
Employees' emotional commitment to an organization, demonstrated by their willingness to put in discretionary effort to promote the organization's effective functioning
Well-being
Physical, psychological, and social aspects of employee health
Retention
Ability of an organization to keep its employees
Employee surveys
Instruments that collect and assess information on employee engagement, satisfaction, and perceptions surrounding the work environment
Stay interviews
Structured conversations with employees for the purpose of determining which aspects of a job encourage employee retention or may be improved to do so