Master Data Management (MDM) is the process of organizing and maintaining a company’s critical data across multiple systems. It helps ensure consistency, accuracy, and reliability of information like customer, product, or financial data. By using MDM, businesses can avoid errors, improve compliance, and make better decisions.
The marginal revenue formula calculates the additional income a company earns from selling one more unit of a product or service. It is found by dividing the change in total revenue by the change in quantity sold. Businesses use this formula to guide pricing strategies and maximize profits.
Managed payroll is a service where a company delegates its payroll responsibilities to an external provider. The provider handles salary calculations, tax withholdings, benefits administration, and compliance reporting. This approach saves time, reduces errors, and ensures payroll is processed accurately while freeing HR teams to focus on strategic tasks.
Malicious compliance happens when someone deliberately follows orders or rules to the letter, even when they know it will create inefficiency, errors, or unintended consequences. It’s often used as a form of passive resistance in workplaces where employees feel unheard or frustrated. While technically obeying instructions, malicious compliance can highlight poor management or flawed policies.
Labor laws are a set of rules established by governments to regulate the relationship between employers and employees. They cover areas such as minimum wage, working hours, overtime, leave entitlements, health and safety, and employee termination. These laws ensure fair treatment, protect workers’ rights, and provide guidelines for businesses to remain compliant.
Job classification is an HR method used to organize jobs into structured categories or levels based on their responsibilities, duties, and required qualifications. It helps ensure fair compensation, career progression, and compliance with labor regulations. By standardizing roles, job classification makes it easier to compare positions, set pay scales, and manage workforce planning.
A job board is a website or platform that connects employers with potential employees by listing available job opportunities. Employers use job boards to reach a wide talent pool, while job seekers use them to search and apply for roles across industries. Popular examples include Indeed, LinkedIn Jobs, and Glassdoor.
An invoice is an official document that a seller issues to a buyer to request payment for goods or services delivered. It typically includes details like item descriptions, quantities, prices, taxes, invoice date, and payment terms. Invoices serve as both a payment request and a financial record for accounting and tax purposes.
Invoice date is the day an invoice is created and sent to the buyer. It marks the start of the payment timeline, helping both parties track when payment is due based on agreed terms (e.g., Net 30). Accurate invoice dating is essential for managing cash flow, bookkeeping, and avoiding disputes over late payments.
Invoice amount refers to the total value listed on an invoice that a buyer must pay to the seller. It typically includes the price of goods or services, taxes, shipping fees, and adjustments like discounts. Businesses use the invoice amount to track payments, manage cash flow, and maintain accurate financial records.
International employment law refers to the collection of labor rules and regulations that apply when companies hire or manage employees across borders. It covers areas like contracts, wages, benefits, termination, discrimination, and workplace safety under different national legal systems. Businesses must comply with local employment laws in each country while aligning them with global HR policies.
An international background check is the process of verifying a job candidate’s personal, professional, and legal history across one or more countries. It may include checking criminal records, employment history, education credentials, credit reports, and work eligibility. Employers use these checks to ensure compliance, reduce hiring risks, and confirm the credibility of candidates for global roles.
An international assignee is an employee sent by their company to work in a foreign country for a fixed period, usually as part of a global mobility or expansion strategy. These assignments can last from a few months to several years and often involve relocation support, housing, and tax assistance. International assignees help companies transfer skills, manage overseas operations, and build global teams.
An intermediary bank is a financial institution that acts as a middle party in cross-border payments, especially when the sending and receiving banks lack a direct relationship. It helps route funds through international networks to complete the transfer securely. Intermediary banks are commonly used in SWIFT transactions and may charge additional fees for their role.
In-kind benefits are non-monetary perks that employees receive from their employer instead of direct cash payments. Examples include housing, meal vouchers, transportation passes, or the personal use of a company car. While they provide real value to employees, many in-kind benefits may be taxable depending on local regulations.
HR talent sourcing is the proactive process of finding potential candidates to meet an organization’s hiring needs. It involves researching, networking, and using tools like job boards, LinkedIn, and recruitment software to build a pool of qualified applicants. Unlike traditional recruiting, talent sourcing focuses on long-term workforce planning and creating a strong pipeline of talent.
The H-1B1 visa is a U.S. nonimmigrant work visa available only to citizens of Chile and Singapore under free trade agreements. It allows professionals in specialty occupations, such as engineering, science, or business, to work in the United States for up to one year at a time, renewable. Unlike the H-1B visa, it has a separate quota and typically faces less competition.
The General Organization for Social Insurance (GOSI) is Saudi Arabia’s social security system that manages contributions from employers and employees. It covers benefits such as retirement pensions, disability support, workplace injury compensation, and survivor benefits. Both Saudi nationals and certain expatriate workers are required to be registered under GOSI, ensuring financial protection and compliance with local labor laws.
Global recruitment software is a digital platform that enables businesses to attract, evaluate, and hire candidates across multiple countries. It supports job postings, applicant tracking, interview scheduling, and compliance with international labor laws. By centralizing recruitment, these tools help companies build diverse teams and scale hiring efficiently on a global level.
A Global PEO is a service provider that enables businesses to hire employees in foreign countries without setting up a local entity. Acting as a co-employer, it manages payroll, benefits, compliance, and HR administration while the client oversees day-to-day work. Global PEOs make international expansion faster, cheaper, and legally compliant for growing companies.