Remove Business Process Outsourcing Remove Payroll Remove Reference Remove Succession Planning
article thumbnail

The A-Z of HR technology

cipHR

This page will be kept up to date with the latest HR technology terminology – we recommend that you bookmark it for future reference. Business process outsourcing (BPO) – outsourcing a business function, such as payroll, to a third party. An HCM usually has more features than an HRIS.

article thumbnail

Your A-Z Guide of HR Acronyms & Abbreviations

Analytics in HR

BIK: Benefits In Kind Benefits In Kind (BIK) refer to any non-monetary compensation that employers provide to their employees. HR acronym usage example: “Examples of a BIK include healthcare benefits, meal vouchers, retirement plans, childcare assistance, and accommodation.” Go to Glossary G 27.

article thumbnail

HR systems features: the definitive A-Z of HR technology

cipHR

HR systems features have evolved from simple data entry and storage to modern, comprehensive cloud-based solutions that supports the HR, learning, payroll and recruitment activities of busy HR teams. HR automation – the process of automating repetitive manual tasks to streamline existing processes.