As the landscape of human resources technology continues to grow, so does the number of terms and definitions. What does HRIS stand for? How is it different from an HRMS? At SelectSoftware, we strive to be ahead of the curve on what HR tech buzzwords are trending. As such, we started a list of important terminology that every HR team should know.
Our list is constantly expanding, so if there is anything we may have missed, send us a note.
Last updated December 11, 2020.
A to C
Affordable Care Act (ACA) - federal statute signed into law in 2010 with the goal of providing more people with more health insurance coverage.
ACA compliance solution - software or company designed to ensure the effective supplying of 1095-C forms to employees for filing with the IRS.
AI (artificial intelligence) - machines programmed to simulate human thinking and action.
AI Recruiting Software - tools leveraging the power of artificial intelligence to source, screen, and hire applicants.
API (Application Programming Interface) - set of tools for building software that allows for two or more applications to interact.
Attrition rate - measure of the number of employees moving in and out of an organization over a specified period of time.
Background check - process of verifying that a potential hire is who they claim to be, usually by reviewing criminal record, employment history and educational history.
Benchmarking - using different metrics to measure company performance in order to make future comparisons.
Candidate Assessment Tool - program used to automate the screening process by assessing candidates’ skills and culture fit, comparing results across applicant pools, and using data to make unbiased hiring decisions.
Career fair - recruiting event where large numbers of employers and potential candidates meet and network.
Cost Per Hire - average amount of money spent on making a hire.
CRM (customer relationship management) - technology for managing all your company's relationships and interactions with customers and potential customers.
D to G
Developer Assessment Tool - program designed to allow recruiting and engineering teams to screen software engineering talent effectively.
Diversity & Inclusion (D&I) - the practice of promoting equality in hiring and workplace operations.
Employee Engagement Software - programs that organizations use to increase employee satisfaction and retention.
Employee Resource Groups (ERGs) - employee-led volunteer groups that work to create an inclusive work environment that overlaps with a company's mission and values.
Employee Recognition Platform - tool designed to build culture, retain talent and measure intangibles such as employee morale by recognizing employee achievements and providing rewards for special occasions.
Employee Referral Software - tech that allows recruitment teams to streamline hiring by analyzing and automating top-of-funnel hires in employee networks.
Employer Branding Software - software that allows companies to align their practices, values and marketing materials in order to convey a strong identity.
Financial Wellness - an individual’s economic security and freedom.
Financial wellness program - platform designed to help employees become more financially stable, whether through student loan refinancing programs, budgeting tools, retirement programs or others.
H to J
HR Chatbot - virtual assistant made to automate communication with candidates and employees, often applying predictive intelligence and analytics to personalize user experience.
Human Capital Analytics (HCA) - the process of collecting and using human resources data to optimize employee performance.
HCM (human capital management) - comprehensive set of practices for recruiting, managing, developing, and optimizing employees in order to maximize their economic value.
HRIS (human resource information system) - software or website used for data entry, data tracking, and data management of all an organization's human resource operations.
HRMS (human resource management system) - systems and processes that connect human resource management and information technology through software.
HR Tech - technological tools used to automate human resources processes, ranging from payroll software to applicant tracking systems.
Human resources (HR) - department in a business tasked with the management of everything related to employees, including payroll, benefits, recruitment, policy, and more.
Interview scheduling software - solution used to automate the interview process by scheduling, matching candidates with appropriate interviewers and sometimes offering interviewer training modules.
Job board - website or database that hosts numerous open employment opportunities.
Job description - written list of what a certain job title’s duties and expectations are.
K to N
Low Code No Code - a solution for non-developers where they able to connect different pieces of pre-made components to create an application.
LMS (Learning Management System) - software for administering educational courses, training modules, and learning and development programs to organizations.
Mobile Recruiting - using mobile devices and applications to allure, nurture and hire prospective candidates.
ML (machine learning) - subset of AI that describes computer algorithms that improve from experience without any human intervention.
NLP (natural processing language) - subset of AI where a computer algorithm learns how to understand and mimic human speech.
O to Q
Onboarding - process of transitioning and training someone from new hire to employee.
Outplacement services - a service provided by a company to help former employees find new work.
Payroll - list of employees and how much money they are given for their work.
Payroll and Benefits Software - program used to streamline payroll and benefit management.
People analytics - data-driven study of the function of people as applied to business practices.
PEO (Professional Employer Organization) - outsourced vendors that provide HR services to small and medium sized businesses.
Performance Management Software - system designed to help managers write accurate job descriptions, create objectives that align with company goals, document performance, and write appraisals.
Predictive Preselection - using data from your current workforce to predict future hiring decisions.
Programmatic Job Advertising Platform - automation of buying and placing job advertisements based off of keywords and demographics on job boards and search engines.
R to S
Recruitment CRM (Candidate Relationship Management) System - tool that allows hiring professionals to build and maintain relationships with job candidates while simultaneously managing the entire recruitment process.
Retention - a company’s ability to keep its employees working for them.
RFP (request for proposal) - request for a vendor to submit a proposal showing how their product offering addresses one or more of the issuer’s business needs.
ROI (return on investment) - ratio of net profit to cost of investment used to evaluate efficiency of spending.
RPA (robotic process automation) - software programmed to do mundane, repetitive business tasks.
RPO (recovery point objective) - maximum amount of data that can be lost without causing major harm to business operations
RTO (recovery time objective) - maximum amount of time to fix a downed application or network without causing major harm to business operations
SaaS (Software as a Service) - software product where the provider hosts the application and offers it to customers over the internet, typically for purchase on a subscription basis.
Sourcing Tech - software or applications used to find and recruit passive job applicants.
Succession Planning - process of developing in-house talent to replace those in charge when they retire or move onto new opportunities.
T to Z
Talent Management System (TMS) - software solution that follows the full lifecycle of an employee, from recruitment to performance management to succession planning.
Talent Pool - group of people with applicable skills to consider hiring for an open position, typically stored in a recruiting database.
Talent Sourcing Tool - software that allows talent acquisition teams to reach new talent pools and engage relevant people to fill open positions.
Time to Fill - how many days it takes from a job being posted to the offer being accepted.
Video interview Software - system designed to conduct virtual interviews, whether through face-to-face video chats or candidate video recordings.
Workforce planning software - back office solution used to streamline administrative work such as staff scheduling, task management, attendance management, labor compliance and more.
Did we miss anything? Let us know!
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