Glossary

R–Z

Recruitment process outsourcing (RPO) Is the transfer of operational responsibility for one or more recruiting functions for permanent labour (including recruitment administration) from the client to a services provider.

SAM Investment boutique focused exclusively on Sustainability Investing since 1995. The firm’s offering comprises asset management, indexes and private equity.

Scope 1, 2 and 3 greenhouse gas (GHG) emissions The concept of ‘Scopes’ defines the boundaries between three different types of indirect and direct emissions: Scope 1 are direct emissions, Scope 2 are emissions associated with the generation of electricity, heating/cooling, or steam purchased for own consumption, and Scope 3 are indirect emissions other than those covered in Scope 2.

Secondment The assignment of an Adecco employee (not an associate) to a client, with the employee remaining on Adecco‘s payroll, but fully integrated into the client’s organisation.

Secondary suppliers Other recruitment agencies, which Adecco Group, in the role as first human resources supplier to a specific client, may use for staffing procurement.

Skill shortage Is an economic condition in which there are insufficient qualified candidates/employees to fill the marketplace demands for employment at any price.

SRI Stands for socially responsible investment, an investment strategy that takes into account a company’s ethical, social and environmental performance as well as its financial performance.

Stakeholder Individuals in, or representatives of, a group who have for various reasons an interest in a company such as the Adecco Group. This includes people who are directly or indirectly affected by the Company and its actions.

Stretch assignment A career development tool which puts an employee in a new function, which overstrains his or her cap-abilities and thus challenges him or her to pick up new skills.

Sustainability The principle that we must meet the needs of the present without compromising the ability of future generations to meet their own needs. Sustainability, corporate responsibility and CSR are often synonymous.

Talent management The management of an organisation’s employees or workers. Talent management requires that a company recognises the individual strengths and weaknesses of its employees or workforce, as well as strive to revise and improve the talents and skills of its workforce.

Temporary placement The placement of human resources for non-permanent employment needs. Placements may be definite or indefinite.

Thought leadership The process of providing specific, predetermined information on a certain subject. Individuals or entities can be ‘thought leaders’ and can drive or lead discussions on a certain topic.

Training The development of a company’s human capital.

UNI Global Union The global union for skills and services. It’s the biggest grouping of individual trade unions in the world with more than 900 affiliated unions in 150 countries and 20 million affiliated members. www.uniglobalunion.org

Work-life balance A situation where an employee’s work and personal life are balanced. Employees may be given options such as telecommuting, flexible work schedules, maternal or paternal leave to accommodate their personal lives with their careers.

360˚ feedback A performance review method that allows an employee to get feedback from supervisors, peers, staff members, co-workers and sometimes customers.