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.
A decentralized organizational structure allows managers and teams at various levels to make decisions independently. Authority is not concentrated at the top, which promotes faster decision-making and flexibility. This structure encourages employee empowerment and responsiveness to local needs.
Cost per hire measures the average expense of recruiting a new employee. It includes advertising costs, recruiter fees, onboarding expenses, and related administrative costs. This metric helps organizations evaluate the efficiency and budgeting of their hiring process.
Core competencies refer to the unique abilities and resources that differentiate an organization from its competitors. They may include specialized expertise, technology, or efficient processes. Identifying and strengthening core competencies supports long-term success and strategic growth.
Compliance is the process of ensuring that an organization follows legal requirements and internal policies. It includes adherence to labor laws, tax regulations, and industry standards. Strong compliance practices reduce legal risks and protect the organization’s reputation.
Compensation management software helps organizations design and administer salary structures, incentives, and bonus plans. It ensures fairness, compliance, and alignment with company policies. The software streamlines budgeting, approval workflows, and performance-linked pay decisions.
Compensatory off leave (comp off) is provided when an employee works on a public holiday or weekly off. Instead of overtime pay, the employee receives an equivalent day off later. This policy helps maintain work-life balance while recognizing extra effort.
A code of conduct defines the principles and standards that guide employee behavior. It covers areas such as integrity, professionalism, compliance, and workplace ethics. A clear code of conduct promotes accountability and helps maintain a respectful and lawful work environment.
A climate survey collects employee feedback about organizational culture, leadership, communication, and job satisfaction. It helps identify strengths and areas for improvement in the work environment. The results support informed decision-making to enhance employee engagement and workplace effectiveness.
Chief Technical Officer (CTO) is a senior executive responsible for overseeing an organization’s technology strategy and innovation.
A challan is a prescribed form used for depositing taxes or statutory payments to government authorities. It serves as proof of payment for dues such as TDS, GST, or professional tax. Challans are commonly submitted online or at authorized banks as per regulatory requirements.
Casual employment refers to hiring workers for short-term or irregular work without fixed schedules. Casual employees are typically paid hourly and may not receive full employment benefits. This arrangement provides flexibility for both employers and workers.
A carve out refers to the process of separating a business unit from its parent company. The carved-out entity may operate independently or be sold to investors. This strategy is often used to unlock value, improve focus, or restructure operations.
Buzz marketing focuses on creating hype and conversation about a product or service. It often uses influencers, viral content, or creative campaigns to encourage people to talk about the brand. This strategy increases brand awareness and customer engagement through word-of-mouth promotion.
Breaches occur when established rules, agreements, or regulations are broken. In business or HR contexts, breaches may involve policy violations, contract breaches, or data security failures. Addressing breaches promptly helps protect organizational integrity and compliance.
BPO means Business Process Outsourcing. It involves outsourcing non-core business activities such as payroll, customer service, or IT support to third-party vendors. BPO helps organizations reduce costs, improve efficiency, and focus on core operations.
A boundaryless organization eliminates rigid vertical and horizontal boundaries within a company. It encourages open communication, cross-functional teamwork, and collaboration across levels. This structure promotes innovation, speed, and adaptability in a dynamic business environment.
A blind advertisement is a recruitment notice published without revealing the company’s name. Interested candidates apply through a reference number or third party. It is often used to maintain confidentiality during sensitive hiring situations.