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.
An Open Shift refers to a vacant time slot in a work schedule that has not yet been assigned to an employee. Managers use open shifts to fill staffing gaps, while employees can claim them based on availability—promoting flexibility, efficiency, and better shift coverage.
Offshore Outsourcing is the practice of contracting business processes or services to a company located in another country. It helps organizations lower operational costs, gain access to skilled talent, and focus on core business functions while leveraging time zone advantages and global efficiency.
Offboarding is the formal process of managing an employee’s departure from an organization, whether through resignation, termination, or retirement. It involves tasks like returning company assets, conducting exit interviews, and revoking system access to maintain compliance and protect company data.
Misclassification refers to the incorrect categorization of a worker’s employment status—typically treating an employee as an independent contractor. This error can result in penalties, back taxes, and compliance issues, as it affects benefits, labor rights, and employer obligations.
An L1B Visa is a non-immigrant U.S. work visa for employees with specialized knowledge transferring from a company’s foreign branch to its U.S. office. It enables multinational employers to bring key talent for specific projects, typically valid for up to five years.
Job Level refers to the classification of a role within an organization’s structure based on factors like responsibility, seniority, and expertise. Common levels include entry-level, mid-level, senior, and executive, helping standardize career paths, compensation, and organizational hierarchy.
Job Enrichment is a strategy that increases employee satisfaction by expanding the depth of a role with more responsibility, variety, and decision-making authority. It aims to boost motivation, productivity, and engagement by giving employees a greater sense of purpose and ownership in their work.