Glossary

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What is occupational health?

Occupational health (OH) is a branch of medicine that focuses on preventing work-induced illnesses and injuries and promoting wellbeing in the workplace. It originates from the findings of the 17th century Dr. Bernardino Rammazini, who documented a causal relationship between…

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What is a payroll cycle?

A payroll cycle is an administrative process of paying employees recurring compensation.

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What is a performance development review?

A performance development review (PDR) is a regularly scheduled process where a person’s past and…

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What is talent analytics?

Talent analytics is a method of utilizing employee data to promote intelligent workforce planning and…

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What is a skills gap?

A skills gap is the difference between an individual's knowledge level and the required criteria…

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What is salary benchmarking?

Salary benchmarking is the process of evaluating a company’s internal job salaries based on their…

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What is redundancy pay?

Redundancy pay is the financial compensation that employers offer employees when removing their positions from…

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What is deferred compensation?

Deferred compensation is a remuneration model that enables employees to postpone receiving a portion of…

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What is compensatory time off?

Compensatory time off is paid time off that employees can accrue in return for working…

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What is Cost-of-living adjustment (COLA)?

A Cost-of-living adjustment (COLA) is a company-wide compensation increase that corresponds to a rise in…

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What is a talent pool?

A talent pool is a selection of outstanding candidates or employees, trained to fill positions…

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What is employee burnout?

Burnout is the emotional and or physical exhaustion employees experience due to long term, incessant,…

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