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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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#
Functional Job Analysis
Functional Job Analysis (FJA) is a structured method used to identify and describe job tasks, knowledge, skills, and abilities required for successful job performance.
Performance and Culture
#
Functional Organisational Structure
A functional organisational structure groups employees by specialisation, enhancing efficiency and expertise.
Performance and Culture
#
Gainsharing
Gainsharing rewards employees for improving productivity, fostering teamwork and shared success.
Performance and Culture
#
Grapevine Communication
Grapevine Communication refers to unofficial, informal communication within an organization.
Performance and Culture
#
Grievance
Employee complaints process for addressing workplace issues and ensuring fair resolution.
Performance and Culture
#
Gross-Up
Gross-Up refers to the process of adding extra money on top of an employee's salary to offset tax deductions. This helps the employee receive a higher net salary.
Performance and Culture
#
Group Dynamics
Group dynamics explore how team members interact, impacting collaboration and productivity.
Performance and Culture
#
HR Audit
An HR audit evaluates HR policies and practices, ensuring alignment with organisational goals and legal compliance.
Compliance and Legalities
#
HR Consulting
HR consulting helps companies manage their workforce efficiently and effectively by providing strategic solutions.
Performance and Culture
#
HR Outsourcing
HR outsourcing delegates HR tasks to external experts, improving efficiency and allowing focus on core business.
Performance and Culture
#
HR Theories
These are essential for understanding employee behavior in organizations. These theories provide valuable insights into how to motivate, manage, and retain employees.
Performance and Culture
#
Harvard Model of HRM
The Harvard Model of HRM is a strategic approach to managing employees that prioritizes employee needs and organizational goals.
Performance and Culture
#
Horizontal Organizational Structure
A horizontal organisational structure reduces hierarchy, promoting collaboration and faster decision-making.
Performance and Culture
#
Human Process Intervention
Human process intervention improves team dynamics and communication, enhancing organisational effectiveness.
Performance and Culture
#
Human Resource Accounting (HRA)
Human Resource Accounting (HRA) measures the value of employees to an organization.
Performance and Culture
#
Human Resource Management System (HRMS)
Human Resource Management System (HRMS) is an efficient platform that assists HR personnel in managing employee data, attendance, payroll, and other HR processes.
Performance and Culture
#
Human Resource Outsourcing (HRO)
HRO involves hiring external firms to manage HR functions, allowing companies to focus on core activities.
Performance and Culture
#
Hybrid Organizational Structure
It is a combination of two or more different types of structures that ensures a customized approach to managing a varied range of business operations.
Performance and Culture
#
IT Declaration
IT Declaration is a necessary document for all Indian taxpayers who earn income from IT related jobs. It declares the income earned and taxes paid in the previous financial year.
Performance and Culture
#
IT Recruiter
Specialist responsible for sourcing, screening, and hiring candidates for technical and IT-related roles.
Performance and Culture
#
Imputed Income
The taxable value of non-cash benefits provided to employees, such as health insurance or company vehicles.
Performance and Culture
#
In-Basket Technique
It is a time-management tool that helps individuals prioritize their tasks, assess their ability to handle multiple responsibilities, and delegate tasks as needed.
Performance and Culture
#
In-house Training
In-house training helps organisations develop employees and keep them up-to-date with the latest industry trends and techniques.
Workforce Management
#
Incentive Pay
Additional compensation to motivate employees for achieving specific performance targets or goals.
Compensation and Benefits
#
Incentives
Incentives motivate employees by offering rewards for achieving specific goals, boosting productivity and satisfaction.
Compensation and Benefits
#
Informal Communication
Ir refers to casual, unstructured interactions between employees that help build relationships and improve workplace culture.
Performance and Culture
#
Intern
Interns are temporary employees gaining hands-on experience, with HR overseeing their hiring, training, and growth to prepare them for future careers.
Performance and Culture
#
Internal Job Posting (IJP)
Internal Job Posting (IJP) allows employees to apply for open positions within the company, helping HR promote internal growth and retain talent.
Performance and Culture
#
Interview Scheduling
Interview scheduling is when HRs organize and set up interviews between candidates and hiring managers, ensuring smooth coordination and timely meetings.
Performance and Culture
#
Job Analysis
Job analysis is a process used to identify and determine the details of a specific job role within an organisation.
Performance and Culture
#
Job Description
A document that outlines the duties, responsibilities, skills, and qualifications required for a particular job.
Performance and Culture
#
Job Enlargement
It involves expanding an employee's role by adding more tasks at the same level to boost job satisfaction and reduce monotony.
Performance and Culture
#
Job Enrichment
Enhancing a role by adding meaningful tasks and responsibilities to boost employee motivation and satisfaction.
Performance and Culture
#
Job Evaluation
Systematic process of assessing a job's value and complexity to determine fair compensation and hierarchy within the organisation.
Performance and Culture
#
Job Involvement
It refers to the level of interest and engagement an employee feels towards their job. It can have a significant impact on productivity and job satisfaction.
Performance and Culture
#
Job Posting
A job posting is an announcement by HRs to attract candidates, outlining role details, qualifications, and how to apply.
Performance and Culture
#
Job Pricing
It helps HRs set fair salaries by evaluating the role, skills, and market trends, ensuring competitive and equitable pay.
Performance and Culture
#
Job Promotion
It is when HRs advance an employee to a higher role, recognizing their skills, performance, and contributions within the company.
Performance and Culture
#
Job Role
A job role defines an employee’s duties, responsibilities, and position within the company, helping HRs set expectations and goals for the role.
Performance and Culture
#
Job Rotation
It helps HRs move employees through different roles to build skills, increase experience, and keep work interesting for better growth.
Performance and Culture
#
Job Title
A job title is the official name of an employee's role, helping HRs define responsibilities and set expectations within the company structure.
Performance and Culture
#
Journal Voucher
A journal voucher is a record HRs use to document and adjust financial transactions, ensuring accurate company accounts and payroll records.
Performance and Culture
#
Key Responsibility Areas (KRA)
Key Responsibility Areas or KRAs are specific tasks and goals assigned to employees, defining their role and performance expectations.
Performance and Culture
#
Knowledge Transfer
Knowledge Transfer is the process of sharing expertise, skills, and knowledge between individuals or teams. It helps in achieving organizational goals and improves productivity.
Performance and Culture
#
Knowledge, Skills, and Abilities (KSA)
Knowledge, Skills, and Abilities (KSA) are the attributes required to excel in any job. Employers look for individuals with the right KSA to successfully carry out their tasks.
Performance and Culture
#
LOP Reversal
Restoring deducted salary when an employee's previously marked unpaid leave is later approved or corrected.
Performance and Culture
#
Labour Welfare Fund (LWF)
A statutory fund for employee welfare, providing social security benefits through employer and employee contributions.
Performance and Culture
#
Lateral Hiring
Recruiting experienced professionals from other firms for similar roles to bring in new skills and expertise.
Workforce Management
#
Learning Management System (LMS)
A Learning Management System (LMS) streamlines employee training, offering easy access to courses, tracking, and skill development.
Performance and Culture
#
Leave Balance
Leave balance helps HR track employee time off, ensuring proper leave management and maintaining workplace productivity.
Performance and Culture
#
Leave Encashment
Leave encashment refers to the payment made by the employer to the employee for unused leave days.
Performance and Culture
#
Leave Policy
Framework detailing various leave types, eligibility, and procedures for employee time off.
Performance and Culture
#
Leave Year
A leave year is a 12-month period used by HR to track employee leave entitlements, usage, and carryover policies.
Performance and Culture
#
Legal Entity
A legal entity is a company or organization HRs deal with, having its own rights and responsibilities, separate from individual owners or employees.
Compliance and Legalities
#
Loss Of Pay (LOP)
Salary deduction for days an employee is absent beyond their entitled leave.
Compensation and Benefits
#
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.
Performance and Culture
#
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.
Performance and Culture
#
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.
Performance and Culture
#
Mentoring
Guidance provided by experienced employees to support others' career growth and skill development.
Performance and Culture
#
Mock Interview
Where you can practice your interview skills and receive feedback. Improve your chances of landing your dream job, starting today
Performance and Culture
#
Muster Roll
A muster roll is a detailed attendance record used to track employee presence, work hours, and ensure legal compliance in various industries.
Performance and Culture
#
Network Organization
It is a decentralised structure where independent teams collaborate, adapt quickly, and share resources to achieve common business goals.
Performance and Culture
#
Non-Taxable Allowances
Non-Taxable Allowances are payments made by employers to employees that are exempt from income tax.
Compensation and Benefits
#
Notice Buyout
A hassle-free solution to help you exit your notice period smoothly and without any trouble.
Performance and Culture
#
Notice Period
Notice period is the duration an employee must work after resigning from a job.
Performance and Culture
#
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.
Performance and Culture
#
Offer Letter
Formal document outlining job role, terms, and conditions extended to a candidate selected for employment.
Performance and Culture
#
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.
Compensation and Benefits
#
Onboarding
Onboarding is the process of integrating new hires into the company culture and setting them up for success.
Workforce Management
#
One-Time Payments & Deductions
They are single, non-recurring adjustments HRs make to employee salaries, like bonuses or specific deductions for that pay period.
Compensation and Benefits
#
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.
Performance and Culture
#
Organization
An organisation is a structured group of people working together to achieve common goals, like a company or non-profit.
Performance and Culture
#
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.
Performance and Culture
#
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.
Performance and Culture
#
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.
Performance and Culture
#
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.
Compensation and Benefits
#
Passive Candidate
Professionals who aren't actively seeking employment but may be open to new opportunities.
Performance and Culture
#
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.
Compensation and Benefits
#
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.
Compensation and Benefits
#
Pay Group
A pay group is a classification HRs use to organize employees with similar pay structures, helping streamline payroll processing and management.
Compensation and Benefits
#
Pay Register
Pay Register is a comprehensive payroll management software that simplifies salary processing and ensures compliance.
Compensation and Benefits
#
Payroll Reconciliation
Payroll reconciliation is when HRs check and compare payroll records to ensure accurate salary payments, correcting any errors before final processing.
Compensation and Benefits
#
Payslip
A payslip is a document given to employees that summarises their salary, deductions, and net pay for a specific period.
Compensation and Benefits
#
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.
Performance and Culture
#
Performance Improvement Plan (PIP)
It helps HRs guide employees in addressing performance gaps by setting clear goals and providing support to improve.
Performance and Culture
#
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.
Performance and Culture
#
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.
Compliance and Legalities
#
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.
Performance and Culture
#
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.
Performance and Culture
#
Professional Fees
Payments made to freelancers or consultants for their services. HR handles contracts, payments, and tax deductions.
Performance and Culture
#
Promotion
Advancement to a higher position within the organisation, often with increased responsibilities and compensation.
Performance and Culture
#
Provident Fund (PF)
Provident Fund (PF) is a savings scheme that helps employees in India to save money for their retirement.
Performance and Culture
#
Purple Unicorn
Purple Unicorn is an exciting new product that is sure to pique the interest of India's discerning consumers.
Performance and Culture
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Quality of Work Life (QWL)
QWL focuses on creating a healthy, satisfying workplace, boosting employee well-being, morale, and productivity.
Performance and Culture
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Recruitment Analytics
Recruitment analytics uses data to improve hiring. HR tracks metrics like time-to-hire, cost, and quality of candidates.
Workforce Management
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Recruitment Drive
A recruitment drive is when HRs actively seek candidates by organizing events or campaigns to fill multiple job openings quickly and efficiently.
Workforce Management
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Recruitment Funnel
The recruitment funnel outlines each step of hiring, from attracting candidates to final selection, helping HR optimize the process.
Workforce Management
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Regular Time
Regular time refers to the standard working hours set by an organisation. It ensures employees know their expected work schedule.
Performance and Culture
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Relieving Letter
A relieving letter is an official document confirming an employee's resignation, final duties, and release from the organization.
Performance and Culture
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Remote Interview
Remote interview are virtual interviews conducted via online platforms to assess candidates without in-person meetings.
Performance and Culture
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Utility Classes
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