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BUSINESS DICTIONARY
The Letter H

Term
Definition
Knowledge Area
YouTube Video
Hackathon
Event focused on solving problems through innovation
Innovation or Technology
Harassment Policy
Company policy against workplace misconduct
HR or Compliance
Hard Skills
Measurable job-specific abilities or knowledge
HR or Training
Harmonization
Standardizing rules across jurisdictions
Policy or Regulations
Harmonized Sales Tax (HST)
Combined federal and provincial sales tax in Canada
Taxation
Hazard Pay
Extra pay for dangerous working conditions
HR or Compensation
Head Office
Main administrative center of a company
Corporate Structure
Headcount
Total number of employees in an organization
HR or Operations
Headhunting
Actively seeking qualified candidates for positions
Recruitment
Headline Earnings
Company profits excluding unusual items
Finance
Health Insurance
Employee medical coverage provided by employer
HR or Benefits
Health Savings Account (HSA)
Tax-advantaged account for medical expenses
Benefits or Finance
Hedge Fund
Investment fund using advanced strategies
Finance or Investment
Help Desk
Resource for assisting users with technical issues
IT or Support
Hierarchical Structure
Organization with ranked levels of authority
Organizational Design
High-Performance Culture
Workplace promoting accountability and results
HR or Leadership
High-Potential Employee (HiPo)
Employee identified for future leadership roles
HR or Talent Development
High-Value Activity
Business task contributing significantly to value
Strategy
High-Yield Bond
Bond offering higher returns with higher risk
Finance or Investment
Hiring
Process of recruiting and employing new staff
HR
Hiring Freeze
Temporary stop on filling vacant positions
HR or Finance
Hiring Manager
Person responsible for making final hiring decisions
HR
Holacracy
Decentralized management system without traditional hierarchy
Management Structure
Holding Company
Company owning controlling interests in others
Finance or Legal Structure
Holding Cost
Cost of storing unsold goods
Inventory Management
Home Market
Company’s domestic or original market
Marketing or International
Home Office Deduction
Tax benefit for business use of home
Tax or Finance
Home-Based Business
Business operated from a residential location
Entrepreneurship
Horizontal Communication
Information exchange across same organizational levels
Management
Horizontal Expansion
Broadening business scope within the same stage of production
Strategy
Horizontal Integration
Merging with a company in the same industry level
Strategy
Horizontal Merger
Merger between two companies in the same sector
M&A
Hospitality Industry
Businesses providing lodging, food, and tourism services
Industry Type
Host Country
Country receiving foreign direct investment
International Business
Hosted Services
Applications provided and managed remotely
IT or Cloud
Hostile Takeover
Acquisition of a company without its consent
M&A or Strategy
Hot Desking
No fixed workstations; desks shared among employees
HR or Workplace Strategy
Hourly Wage
Pay based on hours worked
Compensation
House Brand
Private label product sold under retailer’s brand
Retail or Branding
Hub-and-Spoke Model
Centralized system with distribution spokes
Operations or Logistics
Human Capital
Value of employee knowledge, skills, and experience
HR or Economics
Human Rights Compliance
Ensuring business practices respect basic rights
Ethics or Sustainability
Human-Machine Interaction
Collaboration between people and AI/automation
Technology or HR
Hurdle Rate
Minimum return required to proceed with an investment
Finance or Investment
Hybrid Financing
Combination of debt and equity financing
Finance
Hybrid Marketing
Combining digital and traditional marketing methods
Marketing
Hybrid Work
Mix of remote and on-site work arrangements
HR or Operations
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