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Glossary

Glossary list

Talent Management

Terms that describes all the ways that organisations attract, engage with, manage and motivate, encourage and reward, and train and develop employees. It is considered as a mindset that emphasised the importance of talent to organisational success.

Tangible Rewards

Rewards which can be physically touched or held (i.e. a gift certificate, gifts in the form of merchandise, or a savings bond).

Total Remuneration

The complete pay package awarded employees on an annual basis, including all forms of money, benefits, services, and in-kind payments.

Training and Development

A process dealing primarily with transferring or obtaining knowledge, attitudes and skills needed to carry out a specific activity or task.

Training Needs Analysis

A method of analysing how employee skill deficits can be addressed through current or future training and professional development programs, as well as determining the types of training/development programs required, and how to prioritise training/development.

Turnover

Describes changes in the workforce resulting from voluntary or involuntary resignations.