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.
Global mobility services support companies in moving employees across borders for work assignments. They cover immigration, visa processing, tax compliance, relocation logistics, and cultural training. These services help businesses expand globally while ensuring employees transition smoothly and remain compliant with local labor and tax regulations.
A Global HRIS (Human Resource Information System) is software that helps multinational companies manage HR functions across multiple countries. It centralizes employee records, payroll, compliance, benefits, and performance data into one system. By standardizing processes worldwide, a Global HRIS improves efficiency, ensures compliance with local laws, and provides real-time workforce insights.
Global acquiring is a payment service that allows businesses to accept credit and debit card payments from customers worldwide through one acquiring bank or provider. Instead of setting up local banking relationships in each country, companies can streamline cross-border transactions with a global acquiring partner. This simplifies international expansion, reduces costs, and ensures compliance with regional payment rules.
The general ledger (GL) is a central accounting record that contains all of a company’s financial transactions, organized by accounts such as assets, liabilities, income, and expenses. It provides the foundation for preparing financial statements like the balance sheet and income statement. By tracking debits and credits, the GL ensures accuracy in financial reporting and compliance.
Full-Time Equivalent (FTE) is a unit that expresses the total workload of employees in terms of full-time staff. For example, two part-time employees working 20 hours each can equal one FTE if full-time is 40 hours. Businesses use FTE calculations for budgeting, staffing, and compliance with labor or benefits regulations.
The Foreign Worker Levy (FWL) is a monthly fee that employers in Singapore must pay when they hire foreign workers. It is designed to regulate the number of foreign employees and encourage companies to prioritize local hiring. The levy amount varies based on factors such as industry, worker skill level, and the employer’s dependency ratio.
A foreign subsidiary is a separate legal entity established by a parent company in another country. While the parent company owns a controlling stake, the subsidiary operates under the host country’s laws, tax rules, and business regulations. This structure allows companies to expand internationally while limiting liability and adapting to local markets.
A floating holiday is a flexible paid day off that employees can take outside of standard public holidays. Companies often provide them to accommodate personal needs, cultural or religious observances, or to give employees more control over their time off. Unlike fixed holidays, floating holidays allow greater flexibility and support work-life balance.
The Fair Work Act is the central piece of legislation governing workplace relations in Australia. It sets out the minimum employment standards, protections against unfair dismissal, rules for collective bargaining, and obligations for both employers and employees. The Act is enforced by the Fair Work Ombudsman and the Fair Work Commission to ensure fair and lawful workplace practices.
Exercising stock options is the process where an employee or investor purchases company shares at the predetermined strike price stated in their option agreement. If the market price is higher than the strike price, the option holder can gain equity value or sell shares for profit. Exercising can be done immediately or after meeting vesting conditions, depending on the plan.
An equity grant is a form of compensation where employees receive company shares or the right to purchase shares at a set price. Common types include stock options, restricted stock units (RSUs), and performance shares. Equity grants align employee interests with company growth and are often used to attract, retain, and motivate talent.
Employment Practices Liability Insurance (EPLI) is a type of coverage that helps employers defend against and cover costs from employee lawsuits. It typically protects businesses from claims of discrimination, harassment, retaliation, wrongful termination, or breach of employment contract. EPLI is especially valuable for small and mid-sized businesses that may not have in-house legal teams.
End of Month (EOM) refers to the last calendar day of a month, commonly used as a cutoff for business, payroll, or accounting activities. Many companies schedule salary payments, invoices, or financial reconciliations at EOM to maintain consistency. It serves as a standard reporting period for tracking performance, expenses, and compliance.
A Data Processing Agreement (DPA) is a legally binding contract between a data controller and a data processor. It defines how personal data is collected, processed, stored, and protected, ensuring compliance with privacy regulations like GDPR. DPAs set responsibilities for both parties and safeguard individuals’ rights when their data is handled by third parties.
A Document Management System (DMS) is a digital solution that helps businesses store, track, and manage documents in electronic format. It allows users to organize files, control access, share securely, and maintain version history. A DMS improves efficiency, reduces paper use, and ensures compliance with data security and record-keeping regulations.
Diluted shares represent the total number of a company’s shares that would be outstanding if all convertible securities, such as stock options, warrants, and convertible bonds, were exercised. They provide a more conservative view of earnings per share (EPS), since potential dilution lowers the value per share for existing shareholders. Investors use diluted share counts to assess the true impact of equity compensation and financing.
A debtor is an individual or organization that has borrowed money or received goods or services on credit and is obligated to repay the creditor. Debt may arise from loans, credit cards, or unpaid invoices. Debtors can be secured, where repayment is backed by collateral, or unsecured, relying solely on the borrower’s promise to pay.