Umbrella Companies act as intermediaries between contractors and end clients, managing payroll, tax deductions, and employment benefits. Contractors become employees of the umbrella company, which ensures legal compliance while allowing flexible, project-based work.
TUPE Regulations (Transfer of Undertakings Protection of Employment) are UK laws that safeguard employees when a business changes ownership or outsourcing occurs. They ensure that staff retain their existing employment terms, rights, and continuity under the new employer.
Total Rewards refer to the complete package of monetary and non-monetary benefits an employee receives from their employer. This includes salary, bonuses, health benefits, retirement plans, recognition programs, and professional development opportunities designed to motivate and retain employees.
Time to Hire is a recruitment metric that tracks how long it takes from opening a job position to a candidate accepting the offer. It helps organizations evaluate the effectiveness of their hiring process, identify bottlenecks, and improve overall recruitment speed.
A Termination Letter is an official document issued by an employer to inform an employee that their employment is being ended. It typically includes the termination date, reason for dismissal, details on final pay, and information about benefits or return of company property.
The TD1 form, also known as the Personal Tax Credits Return, is used in Canada to calculate the amount of federal and provincial income tax to withhold from an employee’s earnings. It helps employers apply the correct tax deductions based on the employee’s personal credits and circumstances.
Tax Compliance refers to adhering to all tax regulations set by local, state, or national authorities. It involves correctly reporting income, maintaining records, filing returns, and making timely payments to avoid penalties, audits, or legal consequences.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global system that facilitates secure and standardized communication for international financial transactions. It assigns unique SWIFT codes to banks, ensuring accurate and efficient cross-border payments worldwide.
SUTA, or the State Unemployment Tax Act, is a U.S. employer-paid tax that supports state unemployment insurance programs. It helps provide temporary financial assistance to employees who lose their jobs through no fault of their own, with tax rates varying by state and employer history.
Statutory Sick Pay (SSP) is a legal entitlement in the UK that allows eligible employees to receive a fixed weekly payment while unable to work because of sickness. Employers pay SSP for up to 28 weeks, ensuring workers have some income support during periods of ill health.
Statutory Maternity Pay (SMP) is a UK government-mandated payment given to eligible employees taking maternity leave. It typically provides up to 39 weeks of pay—90% of average weekly earnings for the first six weeks, followed by a lower standard rate—to support new mothers financially during their leave.
Shift Swap refers to an arrangement where two employees exchange their scheduled work shifts with managerial approval. This practice helps balance personal needs and workplace coverage, improving flexibility, employee satisfaction, and operational efficiency.
An RRSP, or Registered Retirement Savings Plan, is a Canadian government-approved account that allows individuals to save for retirement while deferring taxes on contributions and earnings. Withdrawals are taxed later, usually at a lower rate, helping maximize long-term savings.
Right to Work Checks are procedures employers use to confirm that a job applicant is legally allowed to work in a specific country. These checks involve reviewing official identification or immigration documents and help organizations comply with labor and immigration regulations.
A Residence Card is a government-issued document that confirms a non-citizen’s authorization to reside in a country for a set period. It often includes details like visa type, validity dates, and work permissions, serving as proof of lawful residence and employment eligibility.
Remote I-9 Verification is a process that lets employers confirm a new hire’s identity and work authorization through digital or virtual methods. It replaces physical document review with secure online verification, ensuring compliance with U.S. employment eligibility requirements under Form I-9.
A Remote First Company is an organization that primarily operates through remote work, with most employees working from anywhere rather than in a central office. It emphasizes digital communication, flexible work policies, and virtual collaboration to support productivity and inclusivity across distributed teams.
A Qualifying Life Event (QLE) is a significant personal change—such as marriage, birth of a child, or job loss—that lets employees update their benefits outside the usual enrollment window. These events trigger a special enrollment period to adjust coverage or dependent information.
Performance Calibration is a review process where managers discuss and adjust employee performance ratings to maintain consistency across the organization. It ensures evaluations are fair, objective, and aligned with company standards, reducing bias and improving talent management decisions.
Payroll Automation is the use of software or digital systems to manage payroll tasks like wage calculation, tax withholding, and direct deposits. It eliminates manual errors, ensures compliance with labor laws, and enhances payroll accuracy and efficiency for businesses of all sizes.