Top 10 Commonly Confused Words in Human Resources Management

1K views Dec 5, 2023

Top 10 Commonly Confused Words in Human Resources Management 1. Recruitment vs. Selection While both terms refer to the hiring process, recruitment focuses on attracting potential candidates, while selection involves choosing the most suitable candidate for a specific role. Recruitment is about creating a pool of applicants, whereas selection is the subsequent evaluation and decision-making stage. 2. Training vs. Development Training is a short-term process that imparts specific skills or knowledge required for a particular job. On the other hand, development is a long-term investment in an employee's overall growth and potential. It focuses on enhancing their abilities, often for future roles or responsibilities. 3. Performance Appraisal vs. Performance Management Performance appraisal is a periodic evaluation of an employee's job performance, often resulting in a rating or feedback. Performance management, however, is a continuous process that involves setting goals, providing feedback, and supporting employees in their professional journey. 4. Compensation vs. Benefits Compensation refers to the monetary rewards an employee receives, such as salary or bonuses. Benefits, on the other hand, are non-monetary perks, like health insurance, vacation time, or retirement plans. Both are essential components of an employee's total package. 5. Layoff vs. Termination

#Business Operations
#Career Resources & Planning
#Human Resources
#Jobs & Education