GLOSSARY

Human Resources Foundations

With Wayne Cascio

Use these terms and definitions below to understand concepts taught in the course.

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Term Definition

business acumen Your ability to understand and apply information in a manner that contributes to
your organization’s strategic plan.

consultation Your ability to provide guidance to employees, managers, and other

stakeholders.

critical evaluation The ability to understand the logical connections between ideas, in order to
evaluate arguments and make business decisions and recommendations.

ethical practice Supporting, upholding, and modeling the values of your organization while still
mitigating risk.

exclusive HR An overall HR strategy that focuses on the success of high-potential

employees.

global and cultural Your ability to value and consider the perspectives and backgrounds of all
effectiveness parties.

HR strategy The decisions, processes, and choices that firms make about how they will
manage their people.

human resource The ability to know and apply the principles and practices of human resource
expertise management, in order to contribute to the success of a business.

Human Resource A system that comprises five main areas: staffing, retention, development,
Management System adjustment, and managing change.
(HRM)

inclusive HR An overall HR strategy that focuses on the success of all employees.

leadership and Your ability to direct and contribute to performance and processes like staffing,
navigation performance management, and rewards.

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people approach An HR strategy that focuses on identifying star performers and devoting
attention to them.

position approach An HR strategy that involves identifying ABC positions, where A positions are
strategically important, B positions are support roles, and C positions are non-
strategic roles. Then strive to get employees aligned with the right positions.

practice approach An HR strategy that focuses on identifying high-potential employees, managing

leadership succession, developing employees, and delivering performance.

relationship Your ability to manage interactions among people, provide services to help line
management managers manage, and support the overall organization.

strategic pools An HR strategy that focuses on identifying internal talent pools and devoting
approach time to ensuring that replacements are always ready in each pool.

talent management The process employers use to anticipate and meet their needs for human
capital.

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