How Well Do You Know Workday Talent and Skills? [Downloadable Glossary]
In the dynamic realm of talent strategy, change is constant, and innovation is key – which makes knowing what you’re talking about and staying up to date on the most recent people terms critical to doing your job.
We’ve got your back. To help you stay ahead in this ever-evolving landscape, we’ve curated an exclusive Workday Talent and Skills glossary
This quick reference resource is designed to arm you with a selection of the most important key terms that define the new era of human resources, according to Gartner and the “HR Press.”
These curated terms are strategically aligned with the three focal points outlined by Gartner, highlighting the most popular investment areas for HR leaders in 2023:
- HR Technology
- Learning and Developing
- Staffing and Recruiting
As we begin our glossary preview, let’s dive into the world of Staffing and Recruiting. Remembering, we all know that a company’s greatest asset is its people and the resources and knowledge they bring to the table.
Check out this quick excerpt to brush up on recent recruiting lingo, and then download the full glossary to learn how to power true organizational success.
Workday Staffing and Recruiting Glossary for 2023 (and beyond)
Diversity, Equity, and Inclusion (DEI)
Diversity, Equity, and Inclusion (DEI) represents a comprehensive approach within organizations to foster a diverse workforce, create an inclusive and equitable work environment, and promote equal opportunities for all employees.
DEI initiatives aim to untrain biases, foster belonging, and drive organizational success through diverse perspectives and innovative thinking. By prioritizing DEI, HR leaders can cultivate a positive and inclusive workplace, attract and retain top talent, and enhance overall employee engagement and performance. In fact, McKinsey found that executive teams that lack diversity are 27% more likely to lose profits.
The term “Great Resignation” refers to a trend in the 2020 – 2023 job market where a significant number of employees voluntarily leave their jobs to seek new opportunities or make significant career changes. It gained prominence, particularly in the aftermath of the COVID-19 pandemic.
The Great Resignation is characterized by a surge in employee turnover, with individuals reevaluating their work-life balance, career aspirations, and overall job satisfaction.
The reasons behind this trend vary but often include factors such as burnout, a desire for more flexible work arrangements, a need for better compensation or benefits, career growth opportunities, or a shift in personal values.
Employee engagement refers to the emotional connection, commitment, and involvement that employees have towards their work, their organization, and its goals. It reflects the extent to which employees are motivated, dedicated, and enthusiastic about their job, and actively contribute their best efforts to achieve individual and organizational success. Increasing employee engagement is crucial for creating a positive work environment and maximizing productivity.