A floating holiday is a paid day off that an employee can decide to take on a day of their choosing. It’s called a floating holiday because it can “float” to whichever day the person chooses. Companies usually provide these…
Revenue per employee (RPE) is a financial metric that measures the average profit each employee…
A payroll cycle is an administrative process of paying employees recurring compensation.
Salary benchmarking is the process of evaluating a company’s internal job salaries based on their…
Exempt and non-exempt employee statuses are taken from the FLSA (Fair Labor Standards Act) employee…
Indirect compensation is a type of remuneration that typically encompasses non-monetary forms of payment. Direct…
Fringe benefits are supplementary forms of payment that employers provide employees in addition to a…
Employee benefits are a form of compensation that employers provide (along with a salary) to…
Compassionate leave is time off from work for employees to deal with a family emergency.…
A merit increase process is a method of determining how frequently to offer merit increases,…
Company perks are perquisites that employers provide employees to assist them in maintaining high productivity…
Redundancy pay is the financial compensation that employers offer employees when removing their positions from…
Statutory sick pay (SSP) is a U.K.-government mandated compensation that employers pay to employees who…
Payroll software is a computer program that automates the payment process for greater efficiency and…
Deferred compensation is a remuneration model that enables employees to postpone receiving a portion of…
Compensatory time off is paid time off that employees can accrue in return for working…