Talent management Definitions

  • #

    70-20-10 (70-20-10 rule)

    70-20-10 is a formula that describes how someone learns to do their job. The formula proposes that on average, 70% of a person's learning at work is internal and experience-based, 20% comes from interacting with fellow employees and 10% is the result of formal training and reading. 

  • A

    Achievers Corp.

    Achievers is a maker of talent management software and provider of consulting services headquartered in Toronto, Canada.

  • B

    BetterWorks

    BetterWorks is cloud-based software that helps employees continuously manage their performance and align their goals to the objectives of the organization. BetterWorks provides visuals and social collaboration tools to track the progress of goals and keep them connected to the organization's strategic plan.

  • C

    candidate experience

    Candidate experience refers to a job seeker's feelings about an organization's job application process.

  • candidate relationship management

    Candidate relationship management is a structured approach to handling job candidates in a company's talent pipeline.

  • chief human resources officer (CHRO)

    Chief human resources officer (CHRO) is a C-level executive in charge of an organization's human capital management.  

  • chief learning officer (CLO)

    A chief learning officer (CLO) is a senior-level executive who ensures that a company's corporate learning program and strategy supports its overall business goals.

  • compensation management

    Compensation management is a general policy, implemented in conjunction with specialized software, designed to help an organization maximize the returns on available talent.

  • continuous performance management

    Continuous performance management, in a human resource management context, is the supervision of an employee's work through one-to-one discussions and ongoing feedback from supervisors and regularly scheduled check-ins.

  • Cornerstone OnDemand

    Cornerstone OnDemand is a vendor of cloud-based learning and talent management software. Cornerstone OnDemand provides management of recruiting, onboarding, performance and goals, learning, social collaboration, analytics, compensation and succession.

  • E

    e-recruiting

    E-recruitment, also known as online recruitment, is the practice of using technology and in particular Web-based resources for tasks involved with finding, attracting, assessing, interviewing and hiring new personnel.

  • electronic resume

    An electronic resume is a plain text (ASCII), PDF or HTML document that provides an employer with information regarding a job candidate's professional experience, education and job qualifications and is meant to be read by a computer program instead of by a human being.

  • employee assessment software

    Employee assessment software is technology that helps an organization determine to what degree a job candidate is a match for an open position.

  • employee engagement

    Employee engagement is a human resources (HR) metric generally considered to be the willingness of an employee to expend discretionary effort at work.

  • employee life cycle

    The employee life cycle (ELC, also sometimes spelled as employee lifecycle) is a human resources model that identifies stages in employees’ careers to help guide their management and optimize associated processes.

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