A merit increase process is a method of determining how frequently to offer merit increases, the percentage of increase, and who qualifies for the merit increase. To implement a data-driven merit increase process, HR leaders must assess employees' merit eligibility,…
Redundancy pay is the financial compensation that employers offer employees when removing their positions from…
Deferred compensation is a remuneration model that enables employees to postpone receiving a portion of…
A 360-degree review is a feedback system that enables designated staff members, colleagues, and managers…
The hybrid working model is a work style that enables employees to blend working from…
Compensatory time off is paid time off that employees can accrue in return for working…
People management refers to the practice of recruiting, training, engaging, and retaining people to optimize…
A Cost-of-living adjustment (COLA) is a company-wide compensation increase that corresponds to a rise in…
A talent pool is a selection of outstanding candidates or employees, trained to fill positions…
Burnout is the emotional and or physical exhaustion employees experience due to long term, incessant,…
Remote onboarding is the process of incorporating a new employee into a company and familiarizing…
A salary review is the evaluation process managers conduct to determine if their teams’ salaries…