C jargon buster

WORKFORCE JARGON BUSTER

 
 
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Candidate CRM – Candidate Relationship Management

Candidate CRM – Candidate Relationship Management

A technology, usually web-based, used to manage communications with a large number of contacts. Most frequently used to build and communicate with a candidate ‘talent pool’.

Co-employment

Co-employment

Co-employment is a term sometimes used to describe what is legally referred to as a “Joint Employer” relationship. This is where two or more organisations exert some level of control over the same worker.

Consolidated invoicing

Consolidated invoicing

When multiple invoices are combined into a single invoice.

Contingent worker

Contingent worker

Used to describe work arrangements that differ from regular/permanent/salaried employment. Contingent work and workers are primarily distinguished by having an explicitly defined or limited tenure.

Contingent workers include temporary employees provided by an outside staffing agency and independent contractors/consultants. Contingent workers may also include temporary workers from an internal pool, and others (such as summer interns, seasonal workers, freelancers, “crowd-sourced” workers, etc.) employed directly by an organisation for an intentionally limited time.

From an employer point of view, contingent work also includes statement of work (SOW) consultants.

Cost-plus pricing

Cost-plus pricing

This pricing methodology is when a deal is priced based on the actual cost, plus the agreed-upon profit margin.

CMO – Contractor Management Office

CMO – Contractor Management Office

The third-party payroll, invoicing and administration of non-permanent workers who have already been identified by an organisation. The exact solution we offer will vary by country. Read about our CMO service.

CWM – Contingent Workforce Management

CWM – Contingent Workforce Management

Contingent Workforce Management (CWM) is the strategic approach to managing an organisation’s contingent workforce.

Contractor

Contractor

An individual hired to deliver a specified service as laid out in a contract. Some other organisations use this term interchangeably with “temporary employee”, “temp”, or “contract labour”.

Crowdsourcing

Crowdsourcing

Crowdsourcing is when a project or assignment is posted on an online platform for multiple independent workers to compete / bid against one another to be selected to take on the project.