An internship is a short-term work opportunity designed to offer hands-on experience in a professional setting. It helps individuals develop industry-specific skills and gain workplace exposure. Internships may be paid or unpaid depending on company policy and local regulations.
Injunctive relief is a legal remedy in which a court orders an individual or organization to cease or perform a particular act. It is often granted to prevent ongoing harm or protect legal rights. This remedy is commonly used in cases involving contracts, intellectual property, or employment disputes.
Imputed income refers to benefits provided to employees that are not paid in cash but are considered taxable. Examples include certain insurance coverage, company cars, or domestic partner benefits. The value of these benefits is added to gross income for tax calculation purposes.
HSA (Health Savings Account) is a savings account available to individuals enrolled in a high-deductible health plan. It allows contributions to be made on a pre-tax basis for eligible medical expenses. HSAs offer tax benefits and can be used for current or future healthcare costs.
HR outsourcing involves contracting third-party agencies to manage human resource activities such as payroll, recruitment, and compliance. It allows organizations to focus on core business functions. This approach enhances efficiency, ensures regulatory compliance, and reduces administrative burden.
A hostile environment occurs when repeated unwelcome behavior interferes with an employee’s ability to work effectively. It may involve harassment, discrimination, or offensive conduct. Organizations must address hostile environments through clear policies and corrective actions.
A horizontal organization has minimal layers of management between employees and leadership. It encourages open communication, teamwork, and employee empowerment. This structure supports agility and quicker responses to business changes.
The halo effect occurs when a single positive quality shapes the overall perception of an individual. In performance reviews, a strong first impression may influence unrelated evaluations. This bias can lead to unfair or inaccurate assessments if not carefully managed.
The glass ceiling is an unofficial and unseen barrier that limits career advancement for certain groups. It often affects women and minority employees despite equal qualifications. Addressing the glass ceiling promotes diversity, equity, and leadership inclusion.
The 16B password is used to open the password-protected Form 16B file issued for TDS on property transactions. Typically, the password is the deductor’s date of birth in DDMMYYYY format. Form 16B is generated from the TRACES (TDS Reconciliation Analysis and Correction Enabling System) portal.
Fixed compensation refers to the stable and predetermined component of an employee’s pay. It includes basic salary and fixed allowances paid monthly. Unlike variable pay, fixed compensation does not depend on performance or company results.
F&F (Full and Final Settlement) refers to the payment of all outstanding dues to an employee when they leave an organization. It includes salary, leave encashment, bonuses, and other payable amounts after necessary deductions. The settlement ensures all financial obligations between employer and employee are cleared.
Employer Value Proposition (EVP) defines what makes an organization attractive to current and potential employees. It includes compensation, career growth, culture, and work-life balance. A strong EVP enhances employer branding and improves talent retention.
EL (Earned Leave) is a paid leave earned by employees for the time they have worked in an organization. It is usually accrued monthly or annually as per company policy or labor laws. Employees can use EL for planned time off such as vacations or personal commitments.
EEO means Equal Employment Opportunity. It ensures that employment decisions are made without discrimination based on race, gender, religion, age, disability, or other protected characteristics. EEO policies promote fairness, diversity, and inclusion in the workplace.
Non-Disclosure Agreements (NDAs) can expire if the contract specifies a time limit, such as two or five years. In some cases, confidentiality obligations continue indefinitely, especially for trade secrets. The duration depends on the terms agreed upon by the parties.
A divisional structure organizes a company into separate units based on product lines, regions, or customer segments. Each division operates with its own resources and management team. This structure enhances focus, accountability, and responsiveness to specific markets.
Distributive bargaining is a negotiation approach focused on claiming value from a fixed set of resources. It typically involves one party’s gain being another party’s loss. This method is common in salary negotiations or labor contract discussions.
FIFO (First In, First Out) is an accounting and inventory management method. It assumes that the oldest inventory items are sold or used first. FIFO helps maintain accurate stock valuation and is widely used in financial reporting.
A direct report is a team member who reports directly to a specific supervisor or manager. The manager is responsible for assigning tasks, evaluating performance, and providing guidance. Direct reporting relationships clarify accountability and communication within teams.