Omnipresent Glossary
Churn rate measures the percentage of customers who stop doing business with a company over a set period. Learn how to calculate it, why it matters, and how to reduce churn with effective retention strategies.
The 80/20 rule states that 80% of outcomes often result from 20% of inputs. Learn how to apply this principle to time management, business optimisation, and productivity for better results with less effort.
Accrued payroll refers to wages and related costs earned by employees but not yet paid. Learn how it works, how to calculate it, and its impact on financial statements and cash flow.
Supplemental pay refers to compensation beyond regular wages, including bonuses, incentives, overtime, and more. Learn its types, benefits, tax implications, and how to implement it effectively.
An Xpat (expatriate) is a professional working outside their home country. Learn what it means, how it applies to global employment, and the key considerations for managing Xpat workers effectively.
Unpaid leave may be necessary for any employee, so ensuring your company is ready to handle it while remaining compliant is essential. Learn more here.
Off cycle payroll refers to payments made outside of the regular payroll schedule. Learn when to use it, how to implement it effectively, and the key benefits for compliance, efficiency, and employee satisfaction.
An employer of record (EOR) helps your business hire global talent and mitigate compliance risks. Keep reading to learn how an EOR can benefit your business.
A year-end review evaluates performance at the close of a calendar or fiscal year. Learn its purpose, benefits, core components, and how to conduct effective reviews for strategic planning and continuous improvement.
Variable compensation is a performance-based pay structure where a portion of an employee’s earnings is tied to individual, team, or company performance.
Tax equalisation is a compensation policy used by multinational companies to ensure that employees on international assignments do not face higher or lower tax liabilities compared to working in their home country.
SHRM Certification refers to professional credentials offered by the Society for Human Resource Management (SHRM).
A reference check verifies a candidate’s work history, qualifications, and suitability. Learn its purpose, how to conduct it effectively, and legal considerations to support confident, compliant hiring decisions.
Learn market rate salaries, why they matter, and how salary benchmarking helps businesses offer competitive, fair pay. Includes practical steps to set and maintain market-aligned compensation.
Discover what knowledge transfer is and why it's vital for organisational success. Learn effective strategies to share expertise, retain knowledge, and drive innovation across teams and departments.
Explore the meaning of headcount in business, why it's essential for HR and strategic planning, and how to conduct effective headcount analysis to optimise operations and workforce management.
Discover what a 1-on-1 meeting is, its purpose, benefits, and how to conduct effective sessions. Learn best practices, tools, and techniques for maximising employee engagement, communication, and performance.
Learn the difference between gross and net salary, how to calculate net earnings, and why understanding gross-to-net pay is essential for budgeting, tax planning, and evaluating job offers.
An employee portal—also known as a workforce portal or employee dashboard—is a secure online platform that provides employees with centralised access to work-related resources, tools, and information.
Back pay refers to the amount of wages an employee is owed due to underpayment or delayed payment.
A fixed contract, also known as a fixed-term contract, is a type of employment agreement set for a specific period.
Job rotation is a strategic employee development practice that involves moving employees across different roles or departments within an organisation.
Business Process Outsourcing (BPO) refers to the practice of contracting specific business functions to third-party service providers.
A Benefit in Kind (BIK) is a non-cash perk provided by an employer that is considered taxable income.
A Data Protection Agreement (DPA) is a legally binding document that outlines how personal data is processed, stored, and protected by organisations.
Competency-based training is a learner-centred approach that focuses on achieving measurable skills rather than completing predefined training hours.
Per diem, a Latin term meaning "per day," refers to a daily allowance provided to employees for work-related travel expenses.
An Annual Performance Report is a comprehensive document that details an organization’s achievements, challenges, and overall performance over a fiscal year.
A zero-hour contract is an employment arrangement where an employer is not obligated to provide a set number of working hours, and the employee is not required to accept any offered work.
Upskilling refers to the process of learning new skills or enhancing existing ones to improve job performance and career prospects.
Year to Date (YTD) refers to the period starting from the beginning of the current calendar or fiscal year up to the present date.
Job shadowing is a professional development technique that allows individuals to observe and learn from experienced professionals in a specific field.
A Knowledge Management System (KMS) is a structured platform designed to capture, store, organize, and share information within an organization.
Hybrid work allows employees to split their time between working from home and working in a physical office space.
A Global recruitment software is a tool that helps businesses streamline their hiring process on an international scale.
A cost-of-living adjustment (COLA) is an increase in income that aims to counteract the effects of inflation.
Learn what's an Applicant Tracking System (ATS), its core functions and how to choose the right one.
A wholly owned subsidiary is a company whose entire stock is owned by another company, known as the parent company.
Imputed income refers to the value of non-cash benefits or perks that an individual receives from their employer or as part of a business transaction.
The meaning of a floating holiday lies in its adaptability. It empowers employees to decide which day holds significance for them personally.
A notice period is the amount of time an employee must give their employer before leaving their job, or vice versa.
A payslip, also known as a paycheck stub or wage slip, is a document that an employer provides to an employee each pay period.
Restricted Stock Units (RSUs) are a type of stock-based compensation that companies grant to their employees.
A pay period sets the time frame for which employees receive their paycheck and is an essential element of payroll management.
A merit increase is an adjustment to an employee's base salary that reflects their contribution and performance over a certain period.
According to the IRS, a disregarded entity is an entity that is not recognized for tax purposes as separate from its owner.
Offshoring refers to the practice of relocating business processes or services to another country.
"Time and a half" means one-and-a-half times the regular hourly wage. This higher rate compensates for overtime work.
Nonemployee compensation is the payment provided to independent contractors, freelancers, and other self-employed individuals for the services they provide.
A 1099 employee is essentially an independent contractor, not a traditional employee on a company's payroll.
The L1 visa is a non-immigrant visa that allows companies to transfer an employee from one of its international offices to an office located in the United States.
Net pay refers to the actual amount of money that an employee takes home after all deductions have been subtracted from their gross pay.
Paid Time Off, commonly abbreviated as PTO, refers to a policy that allows employees to take time away from work while still receiving their regular pay.
A summary annual report provides an overview of the company's financial performance and key developments over the past year.
In this article, we will explore the intricacies of an ESPP, its advantages, and why it might be the right choice for you.
A work permit, also known as a workers permit, is an official document issued by a government authority.
Learn the essentials of incentive compensation management, the role of software in its execution, and how it can drive success for your organization.
PEOs offer a wide range of services tailored to meet the needs of businesses. Learn more about here.
Understanding labour turnover is crucial for any organization seeking to maintain a stable and productive workforce.
Vesting is a fundamental aspect of employee benefits that can significantly impact your financial future. Learn more here.
