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K

   

Key employee

Under FMLA statutes, a key employee is defined as a salaried employee who is among the highest-paid 10% of all workers employed by the employer within a 75-mile radius. Under ERISA, a key employee is defined as a plan participant who is a highly compensated officer or company owner.

   

Key performance indicators (KPI)

Key Performance Indicators are quantifiable, specific measures of an organization’s performance in a certain area(s) of its business. . The purpose of KPI’s is to provide the company with quantifiable measurements of things it has determined are important to the organizational or business long-term goals and critical success factors . Once uncovered and properly analyzed, KPI’s can be used to understand and improve organizational performance and overall success. Also referred to as Key success indicators.

   

Key result areas

Used to establish standards and objectives, key result areas are the chief tasks of a job identified during the job evaluation process.

   

Knowledge assets

The parts of an organization’s intangible assets that relate specifically to knowledge, expertise, information, ideas, best practices, intellectual property and other capabilities.

   

Knowledge-based pay

A salary differentiation system that bases compensation on an individual’s education, experience, knowledge, skills or specialized training. Also referred to as skill-based pay.

   

Knowledge broker

The individual who facilitates the creation, sharing and use of knowledge in an organization by linking individuals with providers.

   

Knowledge Integration

Knowledge integration is broadly defined as the assimilation, extraction, transformation and loading of information from disparate systems into a single more unified, consistent and accurate data store used for evaluating, manipulating and reporting information.

Knowledge management

The process of creating, acquiring, sharing and managing knowledge to augment individual and organizational performance.

   

Knowledge mapping

A process used to create a summation of the knowledge an organization will need in order to support its overall goals, objectives, strategies and missions.

   

Knowledge, skills and abilities (KSA’s)

The attributes required to perform a job; generally demonstrated through qualifying experience, education or training.

   

Knowledge worker

Employees whose job functions are primarily of an intellectual nature.

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