HR glossary
Total compensation, notice period, pensions, end-of-service pay, final settlement, KPI, eNPS, harassment prevention, and more - short explanations with examples and related terms.
Rates, limits, and rules (for example for pensions, social insurance, and end-of-service pay) differ by country and company and change over time. Treat these as general explanations and confirm the current position where you operate before relying on them.
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The total yearly amount an employer spends on an employee. Called CTC in some countries and total compensation or total cost of employment in others.
What it covers
The time between giving notice of resignation or termination and the last working day.
What it covers
An initial period after joining when both sides assess fit before confirmation.
What it covers
Savings schemes for retirement to which employees and employers contribute - such as pension funds, provident funds, 401(k) plans, or national social security.
What it covers
A payment to an employee on leaving after a period of service, called gratuity, severance, or end-of-service pay depending on the country.
What it covers
The final payment of all dues to an employee after they leave.
What it covers
Two ways to set measurable goals for people and teams.
What it covers
Induction is the first-day introduction; onboarding is the longer process of helping a new joiner succeed.
What it covers
Measures of how many employees leave and how often.
What it covers
A single-question score of how likely employees are to recommend the company as a place to work.
What it covers
The laws and procedures that require employers to prevent harassment and give people a safe way to report it.
What it covers
Government-run or mandated schemes that give workers health cover, sickness, unemployment, or disability support.
What it covers
The income tax an employer deducts from pay, and the year-end statement that shows what was earned and withheld.
What it covers
The most common types of leave and how they differ.
What it covers
A structured plan to help an underperforming employee meet expectations within a set time.
What it covers
More to read, picked for the topics on this page.
Term · Explained
Savings schemes for retirement to which employees and employers contribute - such as pension funds, provident funds, 401(k) plans, or national social security.
Read moreTerm · Explained
A payment to an employee on leaving after a period of service, called gratuity, severance, or end-of-service pay depending on the country.
Read moreGuide · 6 min read
The steps to run payroll accurately every month - from freezing attendance to payslips and statutory filings.
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