People Flashcards
(115 cards)
Balanced scorecard
Performance management tool that depicts an
organization’s overall performance, as measured
against goals, lagging indicators, and leading
indicators.
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.
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.
Key performance indicators (KPIs)
Quantifiable measures of performance used to gauge
progress toward strategic objectives or agreed
standards of performance.
Lagging indicator
Type of metric describing an activity or change in
performance that has already occurred.
Leading indicator
Type of metric describing an activity that can change
future performance and predict success in the
achievement of strategic goals.
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.
Organizational values
Beliefs and principles defined by an organization to
direct and govern its employees’ behavior.
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.
Strategic fit
State in which an organization’s strategy is consistent
with its external opportunities and circumstances and
its internal structure, resources, and capabilities.
Strategic management
System of actions that leaders take to drive an
organization toward its goals and objectives.
Strategic planning
Process of setting goals and designing a path toward a
competitive position.
Strategy
Plan of action for accomplishing an organization’s
overall and long-range goals.
Systems thinking
Process for understanding how seemingly independent
units within a larger entity interact with and influence
one another.
Value drivers
Actions, processes, or results that are needed to
deliver a desired value.
Vision statement
Description of what an organization hopes to attain and
accomplish in the future, which guides it toward that
defined direction.
Applicant tracking system (ATS)
Software application that automates organizations’
management of the recruiting process (such as
accepting application materials, screening applicants,
etc.).
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.
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.
Employment branding
Process of positioning an organization as an “employer
of choice” in the labor market.
Essential functions
Primary job duties that a qualified individual must be
able to perform, either with or without accommodation.
Head count
Number of people on an organization’s payroll at a
particular moment in time.
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.