Acronymns Flashcards
RFP
Request for Proposal
PESTLE
Political, Economic, Social, Technological, Legal, Environmental
External influences on an organization
BFOQ
Bona fide occupational qualification
Bona Fide - Genuine / real
Occupational - industry
Qualification - something suitable for a particular job
The Bona Fide Occupational Qualifications rule allows for the hiring of individuals based on race, sex, age, and national origin if these characteristics are bona fide occupational qualifications. This is an exception and complete defense to Title VII of the Civil Rights Act of 1964 which protects employees from discrimination based on religion, sex, age, national origin and color at the workplace.
In order to establish the defense of bona fide occupational qualification, an employer must prove the requirement is necessary to the success of the business and that a definable group or class of employees would be unable to perform the job safely and efficiently.
EVP
Employee Value Proposition
Foundation of employment branding
Why would someone want to START working
Why would someone want to STAY working
Must be aligned with the organization strategic plan, vision, mission and vlaues
UAE
United Arab Emirates
The United Arab Emirates is an Arabian Peninsula nation settled mainly along the Persian (Arabian) Gulf. The country is a federation of 7 emirates.
FLSA
Fair Labor Standards Act
“The Fair Labor Standards Act (FLSA) of 1938 establishes minimum wage, overtime pay, youth employment, and record-keeping standards affecting full- and part-time workers in the private sector and in federal, state, and local governments.
The FLSA is commonly referred to as the Wage and Hour Law (also known as the Wagner-Connery Wages and Hours Act). It was designed to protect workers and address conditions that burdened the American economy during the Great Depression and has been amended over the decades.”
ERISA
Employee Retirement Income Security Act
HRIS
Human Resource Information System
HCMS
Human Capital Management System
Provide competency models to help identify potential candidiates
FTE
Full Time Equivalency - aka Headcount
Number of people on an organizations payroll at a particular time
CPH
Cost per hire
Total internal + external recruiting costs
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Total # of hires in a given time frame
CPHI
Cost per hire internal
for a single organization
CPHC
Cost per hire comparable
create a measure for comparison across organizations. Helpful for building comparisons of costs between organizations.
EMA
Employment Management Association
RCR
Recruitment cost ratio
Expense incurred by the Recruiting and Hiring function in relation to the total compensation-related expense incurred for the positions filled over the same period of time
