A 401(k) plan is a retirement savings plan offered by employers to their employees as a tax-deferred investment vehicle for retirement savings. Named after a section of the U.S. Internal Revenue Code, a 401(k) plan allows employees to contribute a portion of their pre-tax income into individual investment accounts. Employers may also choose to match […]
A/B testing, also known as split testing, is a method used to compare two versions of a webpage, advertisement, email, or other marketing asset to determine which one performs better in terms of a specific goal or metric. This technique is widely used in digital marketing and website optimization to improve conversion rates, user engagement, […]
Absenteeism refers to the frequent or habitual absence of employees from work, often without valid reasons or prior authorization. Absenteeism can have detrimental effects on organizational productivity, morale, and overall performance, as it disrupts workflow, increases workloads for remaining staff, and may result in missed deadlines or incomplete projects. There are various reasons why employees […]
Accreditation is the process of formally recognizing the competence, credibility, and quality of educational institutions, programs, or individuals by an accrediting body or organization. Accreditation ensures that institutions and programs meet specific standards of excellence and adhere to established criteria and guidelines in curriculum, faculty qualifications, student outcomes, and other areas. Accreditation serves several purposes, […]
Acquisition, in the context of human resources and talent management, refers to the process of hiring or obtaining new employees to fill vacant positions within an organization. Acquisitions may involve various methods, including recruitment, selection, onboarding, and integration of new hires into the organizational structure and culture. Organizations engage in acquisitions to meet staffing needs, […]
An adjunct refers to a part-time instructor or professor employed by an educational institution, typically in higher education settings such as colleges or universities. Adjunct faculty members often teach specific courses or classes on a contractual basis, providing expertise in their field while offering flexibility in scheduling for both the institution and the instructor. Adjunct […]
Affirmative action refers to policies and practices designed to support members of disadvantaged or underrepresented groups in education, employment, and other areas where they have historically faced discrimination or unequal treatment. These policies aim to promote diversity, equity, and inclusion by providing opportunities and removing barriers for individuals from marginalized backgrounds. Affirmative action may take […]
An agency worker is an employee who is hired through an employment agency or staffing firm to work on temporary assignments or projects for client companies. Agency workers may be deployed to fill short-term staffing needs, cover employee absences, or support special projects or seasonal demands. As employees of the staffing agency, agency workers may […]
An applicant is an individual who expresses interest in an available vacancy by submitting relevant documents, specifying their skills and qualifications to a recruiter or employing company. The process begins with the advertisement of a vacant position that requires specific requirements and qualifications. Applicants must tailor their application materials to highlight their relevant experience and […]
An applicant tracking system is a computerized tool that streamlines the recruitment process by managing the collection, organization, and screening of candidate data. It does so by automating recruitment professionals and hiring managers away from the manual hassle in processing them, from the posting of job openings to parsing resumes and tracking candidates throughout the […]
