Year-End Tax Forms are official documents issued by employers to report an employee’s total income, taxes withheld, and benefits for the year. Examples include W-2 in the U.S. or T4 in Canada, and they are essential for filing accurate tax returns and maintaining compliance.
Workforce Mobility refers to the ability of employees to move freely between roles, locations, or countries within an organization. It includes international assignments, remote work, and transfers, helping companies deploy talent strategically while promoting career growth and operational flexibility.
Wages refer to the monetary compensation paid to employees for the work they perform, typically based on hourly rates or units produced. They form the core of employee income and may include overtime, bonuses, or other earnings as defined by employment laws and company policies.
A Void Check is a check marked “VOID” so it can’t be used for payment but still displays important banking details like account and routing numbers. Employers or service providers often request it to set up direct deposits, automatic payments, or electronic fund transfers securely.
A Visual Meeting is a collaborative session conducted through video conferencing platforms where participants communicate using visuals like slides, whiteboards, and screen sharing. It improves understanding, engagement, and teamwork, especially in remote or hybrid work environments.
Visa Consultation is a professional service that helps individuals and businesses understand visa requirements and application procedures. Consultants offer advice on eligibility, document preparation, and compliance to ensure a smooth and successful visa approval process.
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.