The Contingency Approach is a management theory that suggests leadership and business strategies should adapt to specific situations. It argues that there is no one-size-fits-all method for managing teams or organizations. Success depends on factors like environment, team dynamics, and organizational goals.
A compliance framework is a set of guidelines, processes, and controls designed to help a company meet legal and regulatory requirements. It outlines roles, responsibilities, and monitoring mechanisms. Businesses use it to reduce risk, maintain transparency, and avoid penalties.
Churn rate measures how many employees or customers leave a company over a defined time frame. In HR, it reflects employee turnover and retention performance. A high churn rate may signal issues with engagement, management, or workplace satisfaction.
Change management refers to the process of guiding individuals and teams through organizational changes. It involves clear communication, training, and support to reduce resistance. Effective change management helps businesses adapt quickly while maintaining productivity and employee morale.
Candidate journey refers to every stage a candidate experiences during the hiring process. It begins with job awareness and application, followed by interviews, selection, and onboarding. Mapping the candidate journey helps companies improve recruitment efficiency and candidate satisfaction.
Candidate experience describes how applicants feel about a company during the hiring journey. It includes interactions such as job applications, interviews, communication, and feedback. A positive candidate experience strengthens employer branding and attracts high-quality talent.
Candidate engagement refers to how companies interact and communicate with applicants during recruitment. It includes timely updates, feedback, and personalized communication. Strong candidate engagement improves the hiring experience and increases the chances of attracting top talent.
BYOD stands for Bring Your Own Device, a policy where employees use their personal smartphones, laptops, or tablets for work tasks. Companies implement BYOD to increase flexibility and reduce hardware costs. Proper security measures are essential to protect company data under this policy.
By Salary is a way of categorizing or filtering employees according to their salary details. HR and payroll teams use it to group employees by pay grade, salary range, or compensation structure. This helps in reporting, payroll processing, and compensation analysis.
Business agility refers to a company’s capability to respond quickly and effectively to changes in the market or industry. It involves flexible processes, empowered teams, and fast decision-making. Organizations with high business agility can innovate, stay competitive, and manage uncertainty better.
Benefits Administration refers to the management of employee benefit programs such as health insurance, provident fund, bonuses, and paid leave. It includes enrollment, updates, compliance tracking, and communication with employees. Effective benefits administration helps improve employee satisfaction and ensures legal compliance.
Behavioral competencies refer to the personal attributes and soft skills that affect how employees perform at work. These include qualities like leadership, adaptability, communication, and teamwork. Organizations use them to evaluate performance, guide training, and support career development.
Attendance Cycle is the specific time frame during which employee attendance is recorded and calculated. It is usually aligned with payroll cycles, such as monthly or bi-weekly periods. This cycle helps ensure accurate salary calculation, leave tracking, and compliance with company policies.
Assessment refers to the process of evaluating a candidate’s abilities, skills, or performance through tests, interviews, or practical tasks. Employers use assessments during hiring or employee development to make informed decisions. It helps ensure the right person is selected or promoted for a role.
Absence Management refers to how organizations monitor and manage employee leaves such as sick leave, vacation, or unplanned absences. It helps maintain productivity while ensuring compliance with company policies and labor laws. Effective absence management also improves workforce planning and employee well-being.
Form 26QB is an online form used to pay and file TDS on the purchase of immovable property in India. Buyers must deduct 1% TDS when the property value exceeds ₹50 lakh and submit this form within the prescribed time. It acts as both a challan and a TDS return for property transactions.
24Q TDS Return is a quarterly tax statement that employers in India must file to report Tax Deducted at Source (TDS) on salaries. It includes details of employee income, TDS deducted, and challan payments. Employers submit it to the Income Tax Department as part of payroll compliance.
Work flexibility allows employees to adjust their work schedules, locations, or hours to suit personal and professional needs. This may include remote work, flexible hours, or compressed workweeks. Flexible work arrangements improve work-life balance and employee satisfaction.
White collar jobs typically involve office-based, professional, or managerial work. Blue collar jobs focus on manual labor or skilled trades, often in manufacturing or construction. The difference lies in work environment, skill type, and compensation structure.
Form 16 is generated by an employer after the end of a financial year once all salary payments and TDS details are finalized. It is usually issued on or before 15 June of the following year. Employees use Form 16 to file their income tax returns accurately.