A restricted holiday is a leave option where employees select certain holidays from a predefined list. Unlike mandatory public holidays, it allows flexibility based on individual beliefs or regional significance. Companies include restricted holidays in their leave policy to promote inclusivity and diversity.
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.
Resignation occurs when an employee chooses to end their employment with an organization. It usually involves submitting a formal notice and completing a notice period. Employers follow exit procedures to ensure smooth offboarding and knowledge transfer.
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.
Reporting structure outlines the chain of command in a company. It clarifies relationships between managers and employees and defines accountability. A clear reporting structure improves communication, decision-making, and operational efficiency.
Training and Development is an HR function aimed at enhancing employee performance and potential. Training improves skills needed for current job tasks, while development prepares employees for future responsibilities. Together, they support career growth and organizational success.
Replacement charts map out critical positions within an organization and list employees who can step into those roles if needed. They help HR teams prepare for unexpected vacancies or retirements. This tool supports effective succession planning and business continuity.
Total present indicates the total count of individuals who are physically present on a given day. It is commonly used in attendance registers and payroll records. This figure helps track workforce availability and daily attendance trends.
Red circle rates occur when an employee’s pay is higher than the approved salary range for their position. This may happen due to promotions, role changes, or legacy compensation structures. Organizations typically freeze increases or adjust roles to manage red circle situations.
Total compensation refers to the overall reward an employee receives from an employer. It includes base salary, incentives, bonuses, allowances, and non-monetary benefits like insurance or retirement plans. Understanding total compensation helps employees see the full value of their pay package.
Recruitment analytics involves analyzing data from the hiring process to improve decision-making. It includes tracking metrics like time-to-hire, cost-per-hire, and source effectiveness. Organizations use recruitment analytics to enhance efficiency, reduce bias, and attract high-quality talent.
Range spread refers to the gap between the lowest and highest salary in a defined pay band. It is usually expressed as a percentage of the minimum salary. HR teams use range spread to structure compensation growth and maintain internal pay equity.
Profit per employee calculates how much profit a company generates for each employee. It is determined by dividing total net profit by the number of employees. Organizations use this metric to assess operational efficiency and workforce productivity.
A TDS task involves managing Tax Deducted at Source in payroll or accounting. It includes calculating the correct tax amount, deducting it from payments, depositing it with the government, and filing required returns. Proper handling of TDS tasks ensures legal compliance and accurate tax reporting.
Social HR is the integration of social media tools and digital platforms into human resource practices. It is used for recruitment, employer branding, employee engagement, and internal communication. Social HR helps organizations connect, collaborate, and build a stronger workplace culture.
Assessment Year is the year in which income earned in the previous financial year is assessed and taxed. Taxpayers file their income tax returns during the assessment year. It follows immediately after the financial year in which the income was earned.
Salary reimbursement refers to recovering salary costs paid to an employee from another entity. It commonly occurs when an employee works on deputation, client projects, or between group companies. The reimbursed amount usually includes basic pay and related contributions as agreed.
Remuneration in HRM means the total reward an employee receives for their work. It includes basic salary, incentives, bonuses, allowances, and other benefits. Effective remuneration policies help attract, motivate, and retain talent.
A reasonable person is a legal concept used to evaluate conduct objectively. It refers to how an average, prudent individual would behave in a similar situation. In workplace or legal disputes, this standard helps determine whether actions were appropriate or negligent.