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Wednesday, September 8, 2010

HR TERMS - ALPHABET S

ALPHABET "S"

Scalar chain - A concept from the French industrialist Henri Fayol who established the concept of unity of command [‘and employee should receive orders from one superior only’] and scalar chain [‘the chain of superiors ranging from the ultimate authority to the lowest ranks………the line of authority followed by all communications’].

Selection ratio - The ratio of the number of people hired to the number of suitably qualified candidates obtained.

Six Sigma - Six Sigma is a disciplined, data-driven methodology used to eliminate defects and improve processes and cut costs from manufacturing to transactional and from product to service.

Stakeholders - The term given to the situation whereby firms have a number of groups, each having their own set of interests, possibly conflicting with each other.

Strategic architecture - The core competencies that an organization has.

Strategic HRM - The process of aligning human resources more closely to the strategic and operating objectives of the organization.

Strategic Planning - The process of identifying an organization's long-term goals and objectives and then determining the best approach for achieving those goals and objectives.

Structural capital - The databases, customer files, manuals, trademarks etc that remain in a firm once employees go home. See Customers capital.

Succession planning - Involving identifying a potential candidate to replace core individual employees either known t be leaving the firm at some 13
point in the future and/or whose sudden departure would pose a risk to the operation of the firm.

Summary dismissal - The act of dismissing personnel immediately, usually because the person has committed some act of Gross Misconduct.

Suspension - A form of disciplinary action resulting in an employee being sent home without pay for a specified period of time.

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