Human Resources is a field with many specific terms, also there are many new trends. To get familiar with all the popular terms you need to check the HR glossary. If you want to stay professional then HR terms and expressions are essential to use while communicating.
Instead of trying to remember all HR expressions, check these 15 important HR terms that we have put together.
What is HR Terminology?
For HR professionals, some keywords are very important. So, the HR glossary or HR terminology is the list of keywords that makes you understand human resource terminology and career definitions.
Also, if you want to get knowledge of professional terms, you can easily search it out from a good HR Glossary. With this comprehensive career compendium, you’ll be better ready to understand terminologies whether you are an HR, jobseeker, or recruitment manager.
15 Human Resource Terms You Need To Know
Lateral recruitment or lateral hiring meaning is the process where an employee is hired for the same compensation and same position as in the past job. Under this process, the company searches for a candidate who can perform a similar role with the same background and experience. If a lateral hired candidate comes with the extra skills, he or she can be a valuable asset to your company. Thus, the company improves growth.
Self appraisal meaning is an act of evaluating own worth by filling out a form. There are a set of questions or a template made based on employees’ performance over a specific time period. Though this is not easy to remember all the things throughout the year, you can keep records of important projects, assignments, changes in roles & responsibilities, success, failure, etc. Collect evidence and evaluate your performance.
Disciplinary Action meaning is a strict step taken by the company against employees if they are doing any wrong. If any employee does not comply with policies, rules & regulations of the organization, then based on the seriousness of the matters disciplinary action can be taken. There are some common actions:
- Written Warning
- Verbal Warning
- Salary Or Rank Declining
Performance Management Cycle
A performance management cycle is a model that allows employees and management to improve business by helping each other. It is a perfect cycle of planning, checking, and measuring the performance of employees. Set goals, review goals, support employees, and review performance again.
Most people search for, what is gratuity in salary. As it is counted as an amount of gross compensation that employees receive. Gratuity is considered under the Payment of Gratuity Act, 1972. The employee should have experience of at least 5 years of employment in the company to get gratuity. This law is offered to the company having 10 or more employees.
A job seeker meaning is – A person who is looking for a job or work when he or she is unemployed. There are several types of job seekers such as,
- Active: – actively searching job to join.
- Non-active: – not interested to get the job with the required position.
- Monitors: – just check and keep an eye on the recruiters.
Appraisal Letter means – A letter is written by HR to an employee for praising work performance by evaluating quality. It is a formal assessment of an employee. This letter is given to encourage employees during a calendar year. This letter is issued to appreciate employee’s hard work and achievement.
Challan meaning is defined by the official document used to credit money from one account to another one. Challan is just like the deposit slip, in that you need to enter the recipient’s data and details. In the challan data of the recipient and amount is pre-filled by the merchant. There is an E-challan term as well defines the electronic format of challan.
Fixed pay or fixed salary means the amount anyone earns in the job after delivering work in the month. Fixed pay is considered with the EPF and tax deduction. Other allowances like transportation, variables, bonuses, commissions, wage supplements, benefits, and HRA are excluded. It is guaranteed pay, paid to an employee by the organization.
Chief Human Resources Officer (CHRO)
CHRO stands for Chief Human Resources Officer, known as a top-level administration manager. CHRO has the all burden of employee management, as it is also known as the chief people officer or vice president of HR. CHRO has several major duties like hiring, supporting, making strategy, overseeing salary structure & manage company culture.
Relieving Letter is a letter that is issued to an employee when he or she has left a company. It is the formal way of communicating to the employee for accepting the resignation. The letter contains several details such as employee name, company name, joining date, designation, CTC, experience, notice period, achievements, and word of appreciation. It informs- he or she is leaving the position from that company.
An appointment letter is a letter to provide a candidate when he or she joins the company. An appointment letter is also known as an employment letter and it is provided to candidates after the proposal letter when they start the job. It is more comprehensive than an offer letter. It describes position, salary, benefits, joining date, confidential policy, etc. This letter is given to an employee on the first day and he or she has to give it to the company after signing it.
Form 12c Income tax is given to company owner or employer by the employee to reveal income from different sources. If an employee fills out form 12c, An employer can take the other sources of income of the employee other than salary while deducting tax from salary. Nowadays, this form is no longer in use.
A floating holiday means, a leave is paid that employees can schedule for whatever reason. It allows 1 or 2 days off per year, and it cannot be carried forward to the next year. These holidays are granted to employees when they join the organization and cannot cash out these leaves at the end of the year. It mostly includes vacation leave, bereavement leave, etc.
Employee Referral is a formal program provided by the company to an employee for referring other candidates to join the organization. This program creates a win-win situation for employee and employer. In some companies, employees can get a bonus after selecting referred candidate by him or her.
Working with the HR department and don’t know HR terms? No worries, as we provided some terms for easy understanding of HR department concepts. This inventory of common human resource terms will give you a good foundation of knowledge. This will benefit you even if you are not HR.
How To Buy iPhone And Apple Product With Bitcoin
It’s crucial to consider the different payment methods when determining which cryptocurrency exchange is best for you. A reliable exchange ought to provide a range of reliable payment methods that support the accountability and security of each transaction.
Americans adore Apple products, and if that weren’t the case, the venerable Cupertino-based electronics behemoth wouldn’t hold the title of most valuable company in the world. You can now pay for all Apple devices using bitcoin, whether you’re replacing a scratched MacBook, an iPhone with a broken screen, or you had a nasty case of FOMO after Apple’s most recent splashy product launch.
How to buy an apple with bitcoin?
This is how to buy Apple with bitcoin and other cryptocurrencies, step by step guide.
Choosing the category
After visiting the website or downloading the app, you will view the available product categories. Select the category “Electronics.”
Choose Apple Store Gift Card, then input the desired amount.
Make Bitcoin your preferred cryptocurrency for payments.
Now choose the cryptocurrency you would like to use to make your payment, such as Bitcoin, Ethereum, Litecoin, Dash, or USDT. Depending on the crypto you choose, you will see how much the amount will cost.
Go to the checkout.
Add your email address and check the box. Click the Pay Now button. (Confirm your email is accurate so you can receive the special Apple Store voucher code and so we can get in touch with you if there are any problems.)
Pay with cryptocurrency.
Send the specified cryptocurrency in the precise amount to the address shown, then follow the on-screen instructions. You must submit the exact amount that is shown. To check the address is accurate and expedite this process, utilize the QR code visible on the page.
When you purchase an iPhone, Bitcoin can help you save a lot of money. Thanks to the iPhone’s cutting-edge technology and user-friendly operating system, you can retain your connections and engage actively in society. With the most recent iPhone model, you can shoot high-quality pictures and movies, record videos, play games with intense visuals, and secure your data with cutting-edge technology. You can easily and safely shop for and buy the newest iPhone models.
Bitcoin can be used to purchase an iPhone, and debit or credit cards can be used to make online transactions. You can send payments to the recipient’s wallet address using your mobile device or the internet to access your cryptocurrency wallet. You’ve placed and paid for your order successfully, and you can now track your package’s delivery progress from door to door. You may use cryptocurrency to buy an unlocked iPhone or other cell phone and deliver it anywhere because we ship worldwide.
For more visit: applebitcoins.com.
How To Monetize Mobile Apps For Business
Your choice of app monetization model will determine how well your mobile application performs. Whether you’ve created premium or free-to-install software, it’s essential to have an effective app monetization plan that pleases your consumers while assuring the success of your business. Importantly, as the number of app developers is increasing, businesses are planning to hire app developers at best rates to build applications in order to monetize and generate more revenue.
What is Mobile app monetization?
The process of monetizing your mobile app involves earning money to support it. You can combine many of the various app monetization models available to diversify your income streams. The ideal match will depend on your app’s target market and vertical. Before you even think about user acquisition, you should choose a monetization strategy because it will influence how you approach UA. When deciding which app monetization tactics to use, it’s critical to consider your user journey and how it will be affected.
In the end, this means avoiding monetization techniques that annoy users. More customers will abandon the brand. As a result, you are hurting its reputation. Although it can be difficult, choosing the best mobile app monetization approach for your app is a crucial step on the way to profitability.
The process of monetization involves several different tactics. Some apps solely focus on one aspect of app monetization, while others include multiple. You’ll need to make money from your software as a developer. Surviving in the app economy can be difficult. It’s imperative to read the recommendations in this piece if you haven’t already obtained a sizable quantity of cash.
Importance of Monetization
App monetization is crucial because finding free programs at the time of installation is becoming more common. As a result, the app’s business model needs to be adjusted to account for this. Developers’ revenue models must adapt for them to profit following a download. This is where your strategy will be helpful. It’s crucial to put up the work required to produce one that ensures these two results:
- The earnings from your app are rising.
- You mostly keep up the user experience and your users.
Your app won’t make any money if you don’t put a good monetization plan in place, and it will be tough for you to recoup the money, time, and resources you spent developing the app. The app market is worth billions of dollars and is still growing. So having monetization strategies is essential.
The top Monetization strategies are-
You might be passing up a fantastic opportunity to monetize your app if you don’t have adverts in it. The interaction between advertisers and consumers has dramatically enhanced. Thanks to digital advertising on mobile apps. This is primarily caused by how much time individuals spend on their phones. There are many types of ads, such as –
Interstitial/full-screen advertisements are typically positioned at organic pauses while switching menus. These are more likely to drive clicks without frustrating users because they aren’t genuinely interfering with the experience of using your app. Advertisements that appear as notifications alert users to their presence in the status bar of their mobile devices. Be forewarned that these aren’t the most popular advertisements available and could harm your app’s reputation.
Capturing form- These rely on user opt-ins and reward users who provide their email addresses with rewards (such as points or tokens). The majority of the time, capture forms are found in mobile games. Interstitial ads-style transition points are used in advanced overlays; however, they are interactive rather than just clickable images.
The phrase “Freemium” is created by fusing the words “free” and “premium.” The freemium business model offers the app’s initial services without charge. Then you present different iterations of the program (both free and premium). Users who upgrade to the app’s premium edition can access content with more features and capabilities in addition to the app’s accessible essential functions.
For instance, several programs provide premium editions without intrusive advertisements. It’s challenging to turn free users into paying customers. Therefore, you must make an effort to make the free versions at least passable. Customers won’t be forced to upgrade if the premium version’s pricing isn’t changed to reflect its reasonable level of value. A free monthly premium version is also made available as part of the freemium strategy, and extending the free trials of these versions is another effective way to put this concept into practice. The freemium business model combines direct and indirect monetization.
A premium feature in the app, a new free user level or reward, one complimentary meal, and an additional workout in the health app are examples of how this approach operates. This monetization method applies to both physical and virtual products and is compatible with free and paid apps.
The best example of utilizing in-app purchase methods is in gaming apps. Users that become addicted to the game spend money for lives, maps, outfits, weapons, and other in-game items. This business approach is used by famous games like PUBG, which gained prominence during the pandemic. eCommerce apps may potentially suggest in-app purchase methods in addition to game apps. Users’ purchases also fall under this category. Importantly, consider connecting with the mobile app development company in India to integrate in app purchasing features in your application.
A form of indirect monetization where revenue is derived from goods and services rather than from users’ direct actions within the app. This strategy allows users to utilize the iOS or Android app of any software they download for free. You can gain a substantial competitive advantage if your product offers the free app when others don’t. Users also prefer native mobile apps since they allow them to access their data anywhere.
You can utilize several well-known technologies and platforms to make money from your app. You must implement the most successful methods and tactics to create the proper process and get additional revenue.
This is all about how to monetize mobile apps for business. Now, you have gained basic knowledge about the functionality. It’s time to do some practice,
For more updates and blogs like this, please stick with us and bookmark the page not to miss any informative blogs!!
Top 6 Features you should know about the Best Smartphones Nairobi
Many consumers demand different things from smartphone manufacturers but getting everything is not easy. There are some features that are less important than others and here we talk about the essential features of a good smartphone. When one is going to buy a smartphone, it is an essential decision and one must ensure that the required features are a part of that phone. Best Smartphones Nairobi, Nairobi Tech Blogs aims to transform the scalability of your business with the help of Gadgets Africa.
When it comes to the best smartphone platforms, there are three broad choices: Apple’s iOS, Google’s Android, and Microsoft’s Windows Phone. Android and iOS are the most popular and Windows Phone slowly starts to gain a notable share in the market. iOS is used on every iPhone, iPad, and iPod touch. New and innovative apps debut on this platform regularly. Android is really taking over the mobile landscape. The open-source platform appeals to a wide range of devices from small, three-inch devices to massive smartphones with screens over six inches across. It offers the best integration with Google’s services like Gmail, Google Calendar, Google Contacts, Google Drive and Hangouts, and more. Best Smartphone Nairobi, Nairobi Tech Blog to help your business meet across the globe.
One of the biggest strengths of Android is the huge variety of hardware. Powerful Android phones have big screens. Virtual keyboards have come a long way in terms of accuracy and speed. It comes with predictive features, making the lack of a hardware keyboard a non-issue for most people. Many of the best Nairobi smartphones available today, Nairobi Tech Blogs have virtual keywords.
This becomes a subjective matter and may vary from person to person, although importantly, it is an essential factor. The phone should be well built and look good. A good mobile phone should be light and small. While trying to buy your next mobile phone, you need to make sure that it can be easily carried in your pocket without any hassle. It should be portable so that your cell phone is easy to get lost. Best Smartphone Nairobi, Nairobi Tech Blog is such an easy tool to use.
Best Smartphones Nairobi, Nairobi Tech Blogs also has good batteries. Phones with strong batteries can last for days and a battery is a much-needed feature for a smartphone. Since more people complain about battery-draining problems, it is important to keep this factor in mind before making a purchase. You should read reviews online to get information about the durability of the phone’s battery.
A better user Experience
Another feature of the best smartphone is its ease of use. It shouldn’t take hours to locate your camera or gallery. The overall experience of using the smartphone should be well optimized or bug-free. It should also have quality applications and a firmware version to make it easier for users to access external files.
Last but not least, here comes the most important factor which is the accessories. They really enhance the functionality of the mobile phone. On the other hand, mid-range devices are also a good option when you want to save money and buy good accessories.
With so many features to look around for, almost every phone falls short in some area or the other. You should determine your budget and the features you want and then shortlist the phone. As reviews become unbiased and trustworthy, they help you land the smartphone of your choice. To get the best Android phone, you really need to do some research before spending your valuable money. Be sure to consider the above features when making a purchase. You need to make sure that you get the Best Smartphone Nairobi, Nairobi Tech Blogs. You can also read about Best Washing Machines Nairobi from Gadgets Africa.
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