Human resource information system: An integrated system designed to provide information used in HR decision making.

Human resource valuation: The process of finding the value of people of an organization.

Promotability: The set of services the individual is expected to provide if and whether he occupies higher level positions in his present or different promotion channels.

Productivity: The set of services a person is expected to provide while occupying his present position.

Value of human organization: Present worth of its expected future services to an organization.

Value: The present worth of the services an object is expected to give in future.

Replacement cost: Cost of replacing an existing employee.

Opportunity cost: The rate (actual or assumed) for capitalizing the earnings expected in be earned by an employee.

Historical cost: The expenditure incurred to recruit, train and develop an employee.

Human resource accounting: It is a sophisticated way to measure the effectiveness of personnel management activities and the use of people in an organization.

Job posting: It is a method of publicizing job openings on bulletin boards, electronic media and similar outlets by a company.

Selection: Picking up suitable candidates by rejecting the unsuitable.

Outsourcing: Letting outside vendors provide services.

Temporary employees: Employees hired for a limited time to perform a specific job.

Employee leasing: Hiring permanent employees of another company on lease basis for a specific period as per the leasing arrangement.