Recruitment glossary

What is the Bradford formula?

Bradford formula is used by HR departments to calculate the impact of employees’ absences on the organisation. It is based on the theory that short, frequent, unplanned absences are more disruptive to organisations than longer absences. You can calculate an employee’s Bradford Factor using the Bradford Formula, which is S2 x D = B. ‘S’ is the total number of separate absences, ‘D’ is the total number of days’ absence and ‘B’ is the Bradford Factor score.

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Application management

What is Superannuation?

Superannuation is an organisational pension program created by a company for the benefit of its employees.

Application management

What is Time to Fill?

Time to Fill is a metric used to measure the number of days it takes from a job requisition being …

Application management

What is Six Sigma?

Six Sigma is a set of management techniques intended to improve business processes by greatly reducing the probability that an …

Compliance

What is SMSF (Self Managed Superannuation Fund)?

SMSF (Self Managed Superannuation Fund) is a superannuation trust structure that provides benefits to its members upon retirement.The difference between …

Application management

What is Redundancy?

Redundancy occures when an employer reduces their workforce because a job or jobs are no longer needed.

Application management

What is a Reference Check?

A Reference Check occurs when an employer contacts a job applicant’s previous employers, professors, teachers or coaches and other sources …

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