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The People Success Dictionary
Every important HR term explained.
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Word of the day
On Roll / Off Roll Payroll
On-roll payroll refers to permanent employees managed by HR, while off-roll payroll involves contract workers paid by a third party, not directly by the company.
O
Word of the day
One-Time Payments & Deductions
They are single, non-recurring adjustments HRs make to employee salaries, like bonuses or specific deductions for that pay period.
O
Word of the day
Network Organization
It is a decentralised structure where independent teams collaborate, adapt quickly, and share resources to achieve common business goals.
N
Word of the day
X-Ray Search
A recruitment method allowing HR to find candidates on specific sites using advanced search operators for targeted results.
X
Word of the day
Workforce Analysis
Workforce analysis examines employee data to improve HR strategies. It's essential for effective workforce planning in Indian companies.
W
Word of the day
Work-Life Balance
Refers to balancing personal life and work. HR supports this with flexible hours, remote work, and wellness programmes.
W
Word of the day
Work From Home (WFH)
Work From Home (WFH) has become the new normal in today's world due to the pandemic.
W
Word of the day
Work Ethics
Work ethics involve principles like honesty and responsibility. They are crucial for maintaining professionalism in Indian offices.
W
Word of the day
Weekly Off
A weekly off is a regular day off work, usually on weekends. It's essential for rest and rejuvenation in Indian workplaces.
W
Word of the day
Walk-In
Recruitment events allowing candidates to meet HR without appointments, streamlining the hiring process.
W
Word of the day
Voluntary Time Off (VTO)
VTO allows employees to take unpaid leave when work is slow. HR manages approvals and ensures smooth operations.
V
Word of the day
Vestibule Training
Vestibule training is when HRs create a simulated work environment to train employees on specific tasks before they start their actual job duties.
V
Word of the day
Vertical Organizational Structure
A hierarchy-based structure where roles flow top-down. HR manages clear lines of authority and decision-making.
V
Word of the day
Variable Pay
It's a form of compensation where a portion of an employee's salary is tied to their performance. It's becoming increasingly popular in the Indian workforce.
V
Word of the day
Unfair Labour Practice
Unfair labour practices violate workers' rights and can harm workplace harmony. Addressing them is key to maintaining a fair work environment in India.
U
Word of the day
Training and Development
Training and development focus on enhancing employees' skills and knowledge. It's crucial for career growth and organisational success in India.
T
Word of the day
Training Needs Analysis (TNA)
Training Needs Analysis (TNA) is an assessment tool used to identify the knowledge, skills and behaviours required in a job role, in order to improve overall performance.
T
Word of the day
Total Target Cash
Total target cash refers to the complete earnings an employee can achieve, including base salary and bonuses. It's important for compensation planning.
T
Word of the day
Time Off in Lieu (TOIL)
TOIL lets employees take extra time off for extra hours worked, helping HR manage overtime fairly.
T
Word of the day
Team Building
Team building enhances collaboration and trust among employees. It's essential for creating a positive work environment in Indian offices.
T
Word of the day
Termination Letter
A termination letter formally ends an employee's job. It should be clear, respectful, and compliant with Indian labour laws.
T
Word of the day
Suspension
Temporary removal of an employee from duties, often as a disciplinary measure pending investigation or resolution.
S
Word of the day
Supplemental Pay
Supplemental pay includes additional earnings beyond regular salary, such as bonuses, overtime, or incentives.
S
Word of the day
Supplemental Wages
Supplemental wages are additional earnings such as bonuses or overtime pay. They play a crucial role in motivating and retaining employees in Indian workplaces.
S
Word of the day
Stipend
A stipend is a fixed, regular payment given to interns or trainees, often to cover basic expenses during their training period.
S
Word of the day
Statutory Leave
Statutory leave is a mandatory paid leave of absence for employees. It is designed to ensure that workers receive time off work to rest and recuperate.
S
Word of the day
Sourcing
Sourcing involves identifying and attracting potential candidates for job openings. It's vital for building a strong workforce in Indian companies.
S
Word of the day
Staffing
Staffing involves recruiting and managing employees to ensure the organisation has the right people in the right roles.
S
Word of the day
Source of Hire (SoH)
Source of Hire identifies where new employees come from, such as job portals, referrals, or campus recruitment.
S
Word of the day
Selection Ratio
The selection ratio is the number of hired candidates compared to the total number of applicants, indicating hiring efficiency.
S
Word of the day
Short Leave
Short leave allows employees to take brief time off work for personal reasons, ensuring flexibility and work-life balance.
S
Word of the day
Attendance Regularisation
Attendance regularisation allows employees to correct attendance records, ensuring accurate tracking.
A
Word of the day
Seasonal Employment
Seasonal employment refers to jobs that are available only during certain times of the year, like holiday seasons or harvest periods.
S
Word of the day
Salary Revision
Salary revision involves reviewing and potentially changing an employee's pay to align with market standards or performance.
S
Word of the day
Statutory Deductions
Mandatory payroll deductions like taxes, social security, and provident fund as per government regulations.
S
Word of the day
Salary On Hold
Salary on hold occurs when an employee's pay is temporarily paused, often due to administrative or performance issues.
S
Word of the day
Salary Increment
A salary increment is an increase in an employee's pay, often based on performance, tenure, or market conditions.
S
Word of the day
Salary Advances
Salary advances provide employees with early access to earned wages, supporting financial flexibility and emergency needs.
S
Word of the day
Salary Breakup
A salary breakup details the components of an employee's pay, including basic salary, allowances, and deductions.
S
Word of the day
Salary Adjustment
Salary adjustment refers to changes in an employee's pay, often due to performance, market rates, or cost of living changes.
S
Word of the day
Salary
Salary is the fixed regular payment an employee receives for their work, typically paid monthly or bi-weekly.
S
Word of the day
Salaried Employee
Being a salaried employee means having a fixed income every month and paid leave entitlements.
S
Word of the day
Roster Management
Keeping track of schedules and employee data is essential for efficient business operations. Roster management helps businesses achieve this goal.
R
Word of the day
Roles and Responsibilities
Defined duties and tasks assigned to an employee, outlining expectations and performance standards for their position.
R
Word of the day
Reviewee
A reviewee is an employee being evaluated by HRs or managers during performance reviews to assess their work, skills, and contributions to the company.
R
Word of the day
Rewards and Recognition (R&R)
Programs designed to acknowledge and reward employees' achievements and contributions to the organization.
R
Word of the day
Rightsizing
Rightsizing involves adjusting the workforce to fit the current needs of the organisation, ensuring efficiency and productivity.
R
Word of the day
Retrenchment
Retrenchment is the process of reducing staff due to business needs, often to cut costs or restructure the organisation.
R
Word of the day
Restricted Holiday
These are special holidays that are not mandatory but can be granted by employers based on individual needs.
R
Word of the day
Reporting Structure
A reporting structure outlines the hierarchy within an organisation, showing who reports to whom, ensuring clarity in roles.
R
Word of the day
Remuneration
Remuneration includes all forms of compensation an employee receives for their work, such as salary, bonuses, and benefits.
R
Word of the day
Remuneration Committee
The Remuneration Committee is a group responsible for determining executive pay and benefits within a company.
R
Word of the day
Remote Interview
Remote interview are virtual interviews conducted via online platforms to assess candidates without in-person meetings.
R
Word of the day
Relieving Letter
A relieving letter is an official document confirming an employee's resignation, final duties, and release from the organization.
R
Word of the day
Regular Time
Regular time refers to the standard working hours set by an organisation. It ensures employees know their expected work schedule.
R
Word of the day
Recruitment Funnel
The recruitment funnel outlines each step of hiring, from attracting candidates to final selection, helping HR optimize the process.
R
Word of the day
Recruitment Drive
A recruitment drive is when HRs actively seek candidates by organizing events or campaigns to fill multiple job openings quickly and efficiently.
R
Word of the day
Recruitment Analytics
Recruitment analytics uses data to improve hiring. HR tracks metrics like time-to-hire, cost, and quality of candidates.
R
Word of the day
Quality of Work Life (QWL)
QWL focuses on creating a healthy, satisfying workplace, boosting employee well-being, morale, and productivity.
Q
Word of the day
Purple Unicorn
Purple Unicorn is an exciting new product that is sure to pique the interest of India's discerning consumers.
P
Word of the day
Professional Fees
Payments made to freelancers or consultants for their services. HR handles contracts, payments, and tax deductions.
P
Word of the day
Probation Period
Probation period is a trial period of employment for a specific duration where an employee's performance is evaluated before the confirmation of their employment.
P
Word of the day
Provident Fund (PF)
Provident Fund (PF) is a savings scheme that helps employees in India to save money for their retirement.
P
Word of the day
Promotion
Advancement to a higher position within the organisation, often with increased responsibilities and compensation.
P
Word of the day
Pre-Boarding
Pre-boarding is the HR process of engaging new hires with info, tasks, and support before their first day to ensure a smooth start.
P
Word of the day
Performance Improvement Plan (PIP)
It helps HRs guide employees in addressing performance gaps by setting clear goals and providing support to improve.
P
Word of the day
Point Factor Method
Point Factor Method is a job evaluation technique that assigns a numerical value to all compensable factors of a job based on their importance.
P
Word of the day
Personal Income Tax (PIT)
Personal Income Tax (PIT) is the tax HRs help employees manage, deducted from their salary, based on their earnings and applicable government rules.
P
Word of the day
Peer Appraisal
Peer appraisal is when HRs collect feedback from an employee's coworkers to assess their performance, teamwork, and skills for a well-rounded review.
P
Word of the day
Pay Register
Pay Register is a comprehensive payroll management software that simplifies salary processing and ensures compliance.
P
Word of the day
Payslip
A payslip is a document given to employees that summarises their salary, deductions, and net pay for a specific period.
P
Word of the day
Pay Group
A pay group is a classification HRs use to organize employees with similar pay structures, helping streamline payroll processing and management.
P
Word of the day
Payroll Reconciliation
Payroll reconciliation is when HRs check and compare payroll records to ensure accurate salary payments, correcting any errors before final processing.
P
Word of the day
Pay Cycle
The schedule that determines when employees get paid. It's an important aspect of every job, and understanding it is key to managing your finances.
P
Word of the day
Passive Candidate
Professionals who aren't actively seeking employment but may be open to new opportunities.
P
Word of the day
Pay Band
A pay band is a salary range set by HRs for specific job roles, helping ensure fair pay based on experience, skills, and market standards.
P
Word of the day
Partial Payments
Partial payments allow HRs to pay employees part of their salary before the full payment date, offering flexibility in managing cash flow or urgent needs.
P
Word of the day
Market Adjustment Raise
A market adjustment raise is given by HRs to adjust an employee’s salary to match current market rates, ensuring competitive and fair compensation.
M
Word of the day
Paid Time Off (PTO)
Paid Time Off (PTO) lets employees take leave for any reason, while still being paid, offering flexibility and helping HRs manage work-life balance.
P
Word of the day
HR Outsourcing
HR outsourcing delegates HR tasks to external experts, improving efficiency and allowing focus on core business.
H
Word of the day
Paid Leave
Paid leave allows employees to take time off work while still receiving their salary, helping HRs support work-life balance and employee well-being.
P
Word of the day
Horizontal Organizational Structure
A horizontal organisational structure reduces hierarchy, promoting collaboration and faster decision-making.
H
Word of the day
Organizational Change
Organizational change is when HRs help guide companies through shifts in structure, roles, or processes to improve operations and adapt to new goals.
O
Word of the day
Offer Letter
Formal document outlining job role, terms, and conditions extended to a candidate selected for employment.
O
Word of the day
Organization
An organisation is a structured group of people working together to achieve common goals, like a company or non-profit.
O
Word of the day
One-on-One Meeting
A one-on-one meeting is a private conversation between HRs or managers and employees to discuss performance, feedback, and growth opportunities.
O
Word of the day
Onboarding
Onboarding is the process of integrating new hires into the company culture and setting them up for success.
O
Word of the day
Occupational Stress
Occupational stress refers to the mental and physical strain employees feel due to job demands, and HRs work to reduce it for better well-being and productivity.
O
Word of the day
Notice Period
Notice period is the duration an employee must work after resigning from a job.
N
Word of the day
Notice Buyout
A hassle-free solution to help you exit your notice period smoothly and without any trouble.
N
Word of the day
Non-Taxable Allowances
Non-Taxable Allowances are payments made by employers to employees that are exempt from income tax.
N
Word of the day
Muster Roll
A muster roll is a detailed attendance record used to track employee presence, work hours, and ensure legal compliance in various industries.
M
Word of the day
Mentoring
Guidance provided by experienced employees to support others' career growth and skill development.
M
Word of the day
Mock Interview
Where you can practice your interview skills and receive feedback. Improve your chances of landing your dream job, starting today
M
Word of the day
Medical Leave of Absence
Medical Leave of Absence allows employees to take extended time off for medical reasons. It ensures job protection and continuation of benefits.
M
Word of the day
Job Analysis
Job analysis is a process used to identify and determine the details of a specific job role within an organisation.
J
Word of the day
Marginal Relief
Marginal relief helps HRs ensure companies pay fair taxes by reducing extra tax burden when income slightly crosses the threshold for higher tax rates.
M
Word of the day
Leave Year
A leave year is a 12-month period used by HR to track employee leave entitlements, usage, and carryover policies.
L
Word of the day
LOP Reversal
Restoring deducted salary when an employee's previously marked unpaid leave is later approved or corrected.
L
Word of the day
Loss Of Pay (LOP)
Salary deduction for days an employee is absent beyond their entitled leave.
L
Categories
Workforce Management
Compliance and Legalities
Compensation and Benefits
Performance and Culture
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Submit this term and we'll add it to the people success dictionary
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#
Absconding
Absconding occurs when an employee leaves the workplace without notice, disrupting operations and requiring HR intervention.
Performance and Culture
#
Absent Without Leave (AWOL)
Absent Without Leave (AWOL) refers to a serviceman who leaves their assigned duty without permission or proper authorization.
Performance and Culture
#
Accrued Leave
Accrued leave is the leave employees earn over time, which they can use for vacations or emergencies.
Performance and Culture
#
Ad Hoc Payment
Ad hoc payments are one-time payments made for specific, unplanned needs, like bonuses or reimbursements.
Compensation and Benefits
#
Adverse Impact
Adverse impact refers to employment practices that unintentionally disadvantage certain groups, requiring careful HR analysis.
Compliance and Legalities
#
Affiliative Leadership
Affiliative leadership focuses on creating harmony and emotional bonds within the team, enhancing collaboration.
Performance and Culture
#
Affirmative Action Plan
An affirmative action plan aims to promote equal opportunity in the workplace, ensuring diversity and inclusion.
Compliance and Legalities
#
Allowance
Additional compensation for specific purposes, such as travel, housing, or meals, aiding employees in job performance.
Compensation and Benefits
#
Annual Income
Annual income is the total earnings an employee receives in a year, including salary, bonuses, and other benefits.
Performance and Culture
#
Applicant
An applicant is someone who applies for a job, submitting their resume and credentials for consideration.
Performance and Culture
#
Appointment Letter
Appointment letters are formal documents that confirm a job offer. It provides information about the position, salary, duties, and start date.
Performance and Culture
#
Appraisal Letters
Appraisal letters communicate performance evaluations, highlighting achievements and areas for improvement.
Performance and Culture
#
Apprentices Act (1961)
The Apprentices Act regulates training programs, ensuring skill development and employment opportunities for apprentices.
Compliance and Legalities
#
Assessment Year (AY)
Assessment year (AY) is a period of 12 months starting on April 1st of the current year and ending on March 31st of the next year.
Performance and Culture
#
Attendance Management System
An attendance management system tracks employee attendance, streamlining record-keeping and payroll processes.
Performance and Culture
#
Attendance Regularisation
Attendance regularisation allows employees to correct attendance records, ensuring accurate tracking.
Performance and Culture
#
Attendence Policy
An attendance policy outlines rules for employee presence, ensuring accountability and smooth operations.
Performance and Culture
#
Autocratic Leadership
Autocratic leadership involves making decisions unilaterally, often leading to quick but less collaborative outcomes.
Performance and Culture
#
Backfill Position
A backfill position is a temporary role filled to cover an employee's absence, ensuring continuity in operations.
Performance and Culture
#
Background Verification
Background verification checks a candidate's history, ensuring they meet job requirements and maintain workplace safety.
Performance and Culture
#
Balanced Scorecard (BSC)
A balanced scorecard is a strategic tool that measures organisational performance across various perspectives.
Performance and Culture
#
Basic Pay
Basic Pay is the minimum salary or wage paid to an employee by the employer. It is a crucial component of an employee's compensation.
Compensation and Benefits
#
Bereavement Leave
Bereavement leave allows employees time off to grieve the loss of a loved one, supporting emotional well-being.
Performance and Culture
#
Bonus
A bonus is extra pay given to employees by HR for good performance or company success, motivating staff and rewarding their contributions.
Compensation and Benefits
#
Boundaryless Organization
A boundaryless organisation removes traditional barriers, fostering collaboration and flexibility across departments.
Performance and Culture
#
Broadbanding
Broadbanding simplifies pay structures by consolidating salary grades, promoting flexibility and career growth.
Performance and Culture
#
Buddy System
A buddy system pairs new employees with experienced ones, aiding in onboarding and integration.
Performance and Culture
#
Budget
A budget allocates funds for salaries, benefits, hiring, and employee development, ensuring efficient workforce management and resource planning.
Performance and Culture
#
Bureaucratic Leadership
Bureaucratic leadership relies on rules and procedures, ensuring consistency but potentially limiting innovation.
Performance and Culture
#
Campus Recruitment
Campus recruitment involves hiring fresh talent directly from educational institutions, tapping into new skills and ideas.
Workforce Management
#
Candidate Screening
Candidate screening is a crucial HR process to identify suitable candidates for a job. It involves reviewing resumes, conducting interviews, and assessing skills.
Performance and Culture
#
Career Break
A career break is a temporary pause in one's professional journey, often for personal reasons, skill enhancement, or family commitments.
Performance and Culture
#
Carry Forward
Carry forward refers to transferring unused leave or benefits to the next period, ensuring employees don't lose their entitlements.
Performance and Culture
#
Casual Employment
Casual employment involves hiring workers on a temporary basis, often without long-term commitment, to meet short-term needs.
Workforce Management
#
Casual Leave
Casual leave allows employees to take short-term leave for personal reasons, ensuring work-life balance.
Performance and Culture
#
Certificate of Good Standing
A document verifying a company’s compliance with regulations, ensuring legal standing during the hiring process.
Compliance and Legalities
#
Challans
Challans are official documents for payment or penalty, often used in financial transactions.
Compliance and Legalities
#
Chief Executive Officer (CEO)
The CEO is the highest-ranking executive, responsible for strategic decisions and overall company performance.
Performance and Culture
#
Compassionate Leave
Compassionate leave is granted for personal emergencies, such as family illness or bereavement, supporting employees in difficult times.
Performance and Culture
#
Compensation and Benefits
Compensation and benefits encompass salary, bonuses, and perks offered to employees, ensuring job satisfaction and retention.
Compensation and Benefits
#
Compensatory Leave
Compensatory leave is granted to employees who work extra hours, allowing them to take time off later.
Performance and Culture
#
Compensatory Off
Compensatory off is a day off given to employees for working beyond regular hours, ensuring fair work-life balance.
Performance and Culture
#
Competency
Competency refers to the skills and abilities required to perform a job effectively, crucial for employee development.
Performance and Culture
#
Competency-Based Pay
Competency-based pay rewards employees based on their skills and performance, encouraging continuous improvement.
Compensation and Benefits
#
Compliance Reports
Compliance reports ensure that a company adheres to legal and regulatory standards, crucial for risk management.
Compliance and Legalities
#
Conditions of Employment
Terms outlining job requirements, work hours, benefits, policies, and rules governing the employee's role.
Workforce Management
#
Confirmation Letter
A confirmation letter is issued to employees upon successful completion of their probation period, confirming their permanent status.
Performance and Culture
#
Consolidated Statement
A consolidated statement summarises financial data, providing a comprehensive view of a company's financial status.
Performance and Culture
#
Contingency Approach
The contingency approach tailors management strategies to specific situations, ensuring flexibility and effectiveness.
Performance and Culture
#
Contingency Recruitment
Contingency recruitment involves hiring on a need basis, often for temporary or project-specific roles.
Workforce Management
#
Contingent Worker
Contingent workers are hired on a temporary basis, often for specific projects, without long-term commitment.
Workforce Management
#
Continuous Candidate Engagement (CCE)
CCE maintains ongoing communication with potential candidates, enhancing recruitment and employer branding.
Performance and Culture
#
Contract Employee
Contract employees work for a specific period under a contract, often for specialised roles or projects.
Workforce Management
#
Corporate Communication
Corporate communication involves managing internal and external communication to maintain a positive company image.
Performance and Culture
#
Cost to Company (CTC)
CTC represents the total salary package offered to an employee, including all benefits and deductions.
Performance and Culture
#
Cost-Per-Hire
Cost-per-hire calculates the total cost involved in recruiting a new employee, helping optimise recruitment budgets.
Performance and Culture
#
Credit Voucher
A credit voucher is proof of a company's obligation to provide payment or reimbursement, ensuring clear financial transactions for employees or vendors.
Performance and Culture
#
Culture Framework
A culture framework defines the values and behaviours that shape an organisation's work environment.
Performance and Culture
#
Delegative Leadership
Delegative leadership empowers team members by delegating tasks, fostering autonomy and innovation.
Performance and Culture
#
Demotion
Demotion involves moving an employee to a lower position, often due to performance issues or organisational changes.
Performance and Culture
#
Departmentalization
Departmentalization organises a company into departments based on functions, products, or geography, enhancing efficiency.
Performance and Culture
#
Development
Employee development includes training, skill enhancement, and career growth initiatives facilitated by HR.
Performance and Culture
#
Disciplinary Action
Disciplinary action addresses employee misconduct, ensuring adherence to company policies and standards.
Compliance and Legalities
#
Diversity Hiring
Diversity hiring is all about bringing in employees from different backgrounds. It promotes inclusivity, and helps a company to better understand their customer base.
Workforce Management
#
Dysfunctional Conflict
Dysfunctional conflict can harm an organization's productivity and employee well-being. It hinders growth and needs to be managed effectively.
Performance and Culture
#
E-Recruitment
Online hiring process using digital platforms to attract, assess, and hire candidates efficiently.
Workforce Management
#
EFQM (European Foundation for Quality Management)
A framework to help organisations improve performance and achieve business excellence.
Performance and Culture
#
Employee Assessments
Employee assessments help HR evaluate skills and performance, ensuring the right fit for roles and identifying growth areas.
Workforce Management
#
Employee Grievance
Employee grievance processes address workplace issues, ensuring fair treatment and resolving conflicts effectively.
Workforce Management
#
Employee Induction
Employee induction is the process of introducing new employees to their workplace and preparing them for their role within the company.
Workforce Management
#
Employee Provident Fund (EPF)
EPF is a government-backed savings scheme for Indian employees. It helps employees save a portion of their monthly salary to benefit them during retirement.
Workforce Management
#
Employee Relations
Employee relations focus on maintaining positive interactions between staff and management, fostering a harmonious workplace.
Workforce Management
#
Employee Satisfaction
Employee satisfaction measures how happy workers are with their jobs, impacting productivity and retention.
Workforce Management
#
Employee Transfer
Reassignment of an employee to a different role, department, or location, based on business needs or career growth.
Workforce Management
#
Employee Welfare
Employee welfare ensures workers' well-being through benefits and support, enhancing job satisfaction and productivity.
Workforce Management
#
Employees' Deposit Linked Insurance (EDLI) Scheme
EDLI (Employee Deposit Linked Insurance) provides life insurance to employees, offering financial support to their families in case of death during service.
Workforce Management
#
Employment
Employment refers to the formal relationship between a company and an employee, where HR manages hiring, contracts, and ensures compliance with policies.
Workforce Management
#
Employment Status
Employment status refers to a person's current position in the workforce. It can be categorized as employed, unemployed or not in the labor force.
Workforce Management
#
Equal Employment Opportunity (EEO)
Equal Employment Opportunity (EEO) ensures fair treatment and opportunities for all employees regardless of their age, race, religion, gender, or disability.
Workforce Management
#
Exit Interview
Exit interviews gather feedback from departing employees, helping HR improve workplace practices and retention.
Performance and Culture
#
Expatriate
Expatriates are employees working abroad, bringing diverse perspectives and skills to international operations.
Performance and Culture
#
FLSA Status
FLSA Status determines if employees must receive overtime pay or not.
Performance and Culture
#
Facilitative Leadership
Facilitative leadership empowers teams by guiding discussions, encouraging participation, and fostering collaboration.
Performance and Culture
#
Factor Comparison
Factor comparison evaluates job roles by comparing key factors, ensuring fair and equitable compensation.
Compliance and Legalities
#
Factory Act
Legislation ensuring employee safety, health, and welfare in industrial workplaces through standardized regulations.
Compliance and Legalities
#
Family Job
Refers to job families, groups of jobs with similar characteristics, aiding HR in organising roles and career pathways.
Performance and Culture
#
Financial Incentives
Compensation strategies like bonuses and profit-sharing used by HR to motivate employees and enhance performance.
Compensation and Benefits
#
Fixed Pay
An arrangement where the salary remains constant and is paid on a predetermined schedule, regardless of the performance of the employee.
Compensation and Benefits
#
Flexi Benefit Pay
Flexi benefit pay offers employees a choice in benefits, tailoring compensation to individual needs and preferences.
Compensation and Benefits
#
Flexible Benefit Plan
A flexible benefits plan is a type of employee benefits scheme wherein employees can choose from a range of benefits that best fits their needs and lifestyle.
Performance and Culture
#
Flexible Pay
Flexible Pay is a new payment option that allows you to easily manage your finances. With Flexible Pay you can choose your payment options according to your financial constraints.
Compensation and Benefits
#
Floating Holiday
Flexible leave option allowing employees to take time off for personal or cultural events not covered by standard holidays.
Performance and Culture
#
Form 12C
Form 12C helps employees declare income from other sources, ensuring accurate tax calculations.
Performance and Culture
#
Form 16B
Form 16B is a document that serves as proof of tax deduction at source (TDS) on the sale of immovable property.
Performance and Culture
#
Form 24G
Tax compliance forms relevant to payroll management, ensuring adherence to tax regulations in reporting earnings.
Performance and Culture
#
Form 8109
Form 8109 is a tax payment coupon used by businesses operating in India. It allows them to make tax payments easily and efficiently.
Performance and Culture
#
Form 8809: Extension for Filing Information Returns
Form 8809 allows businesses to request more time for filing information returns, ensuring compliance with tax regulations.
Performance and Culture
#
Formal Communication
Formal communication follows official channels, ensuring clear and professional exchanges within an organisation.
Performance and Culture
#
Full and Final Settlement
A full and final settlement is an agreement between an employer and an employee to settle all outstanding dues and close the employment relationship.
Performance and Culture
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Functional Conflict
Functional conflict encourages healthy debate, leading to better decisions and innovation within teams.
Performance and Culture
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Utility Classes
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