A gazetted holiday is an official public holiday declared by the government and published in the government gazette. On these days, government offices, banks, and many institutions remain closed. Employees are usually entitled to a paid day off on gazetted holidays.
FY means Financial Year. It is a 12-month period used by businesses and governments for accounting and tax reporting. The financial year may vary by country, and income earned during this period is assessed for taxation.
External stakeholders are parties outside the organization who are affected by or have an interest in its operations. Examples include customers, suppliers, investors, government agencies, and the community. Their influence can impact the organization’s reputation, strategy, and success.
Form 16A is a Tax Deducted at Source (TDS) certificate issued for non-salary income such as interest, commission, or professional fees. It is provided by the deductor to the deductee as proof of tax deducted and deposited with the government. Taxpayers use Form 16A while filing their income tax returns.
A Flexible Benefit Plan (FBP) allows employees to customize their benefits package from a set of available options. Employees can select benefits such as medical, travel, or meal allowances based on personal preferences. This approach increases employee satisfaction and optimizes tax efficiency.
FFM means Field Force Management. It involves managing and monitoring employees who work outside the office, such as sales or service staff. FFM tools help with task allocation, attendance tracking, location monitoring, and performance management.
External stakeholders are parties outside the organization who are affected by or have an interest in its operations. Examples include customers, suppliers, investors, government agencies, and the community. Their influence can impact the organization’s reputation, strategy, and success.
The employee termination process involves officially ending an employee’s employment due to resignation, performance issues, misconduct, or redundancy. It includes documentation, notice period handling, exit formalities, and final settlement. A proper termination process ensures fairness, legal compliance, and smooth transition.
Employee satisfaction is important because it directly affects motivation, productivity, and retention. Satisfied employees are more engaged, committed, and likely to contribute positively to organizational goals. High satisfaction levels also reduce absenteeism and employee turnover.
Employee empowerment refers to granting employees the power and confidence to make decisions related to their work. It involves trust, autonomy, and access to necessary resources. Empowered employees are often more motivated, engaged, and productive.
An employee database is a digital or manual record system that maintains important employee information. It includes details like contact information, job role, salary, attendance, and performance records. This system helps HR manage data efficiently and ensure accurate record-keeping.
Employee assessment refers to evaluating an employee’s job performance, competencies, and development needs. It may include performance reviews, skill tests, or feedback sessions. This process helps organizations make decisions about promotions, training, and career planning.
EAP means Employee Assistance Program. It is a company-sponsored program that offers confidential support for personal or work-related issues such as stress, mental health, or financial concerns. EAPs help improve employee well-being and productivity.
E-Recruitment refers to conducting recruitment processes through online platforms such as job portals, company websites, and social media. It helps organizations reach a wider pool of candidates quickly and cost-effectively. Digital tools also streamline resume screening and communication with applicants.
Disengaged employees are individuals who show low enthusiasm and minimal involvement in their work. They may perform basic tasks but lack motivation and commitment. Employee disengagement can reduce productivity, morale, and overall organizational performance.
Defamation refers to communicating false information that damages someone’s reputation. It can occur in written form (libel) or spoken form (slander). In workplace contexts, defamation may lead to legal consequences if proven harmful and untrue.
A cross functional team consists of members from various departments such as HR, finance, marketing, and operations. They collaborate to solve problems or execute projects that require diverse expertise. This approach improves innovation, coordination, and decision-making across the organization.
Formal communication refers to the official exchange of information through established organizational channels. It follows a clear structure and hierarchy, such as emails, reports, notices, or meetings. This type of communication ensures clarity, accountability, and proper documentation.
Work clearance is a procedure followed when an employee leaves an organization. It ensures that all tasks are completed, company property is returned, and departmental approvals are obtained. Work clearance helps finalize exit formalities and smooth settlement processing.
WFM means Workforce Management. It involves planning, scheduling, and tracking employees to ensure the right number of staff are available at the right time. WFM tools help improve productivity, control labor costs, and enhance operational efficiency.