Tangible direct rewards are visible and measurable benefits provided to employees. These include salary, bonuses, incentives, and gift vouchers. Such rewards directly motivate employees by recognizing their performance and contributions.
TAN Form 49B is the prescribed form for obtaining a Tax Deduction and Collection Account Number (TAN). It is required for entities responsible for deducting or collecting tax at source. The form is submitted as per guidelines issued by the Income Tax Department.
Systemic harassment is a pattern of discriminatory or inappropriate behavior that is supported or tolerated by organizational systems or culture. It goes beyond isolated incidents and reflects deeper structural issues. Addressing systemic harassment requires policy changes, leadership accountability, and cultural reform.
Corporate communication is significant because it maintains a consistent and positive image of the organization. It improves internal coordination and external relationships with stakeholders. Effective corporate communication enhances trust, transparency, and overall organizational success.
A review cycle refers to the regular time interval set for conducting performance evaluations. It may be annual, semi-annual, or quarterly depending on company policy. Review cycles help track progress, set goals, and support employee development.
Retention in HR is the process of maintaining a stable workforce by reducing employee turnover. It involves engagement initiatives, competitive compensation, career development, and positive workplace culture. Effective retention strategies help organizations save hiring costs and sustain performance.
Reduction in workforce (RIF) refers to the elimination of positions within an organization. It may occur due to economic downturns, restructuring, automation, or cost control measures. RIF decisions are typically strategic and not always performance-related.
Recruitment outsourcing refers to hiring external agencies or service providers to manage part or all of the recruitment process. It may include sourcing, screening, interviewing, and onboarding support. This approach helps organizations access expertise, save time, and focus on core business activities.
PT stands for Professional Tax. It is a tax levied by state governments on salaried employees and professionals. Employers deduct PT from salary and deposit it with the respective state authorities as per applicable rules.
Pretax means amounts calculated or deducted before income tax is applied. Common pretax items include retirement contributions, health insurance premiums, or certain allowances. Pretax deductions lower taxable income and can reduce overall tax liability.
Pre-boarding refers to activities conducted after a candidate accepts a job offer but before their first working day. It includes document collection, orientation materials, and communication to keep the new hire engaged. Effective pre-boarding improves onboarding experience and reduces early attrition.
Performance improvement refers to actions taken to enhance employee or organizational performance. It may include goal setting, coaching, training, and performance reviews. The aim is to close performance gaps and achieve better productivity and results.
Organizational structure refers to the system that outlines how tasks are divided, coordinated, and supervised within an organization. It defines reporting relationships, authority levels, and communication flow. A clear org structure improves efficiency, accountability, and decision-making.
NPS stands for National Pension System. It is a voluntary retirement savings scheme where employees and employers contribute a portion of salary toward a pension fund. In India, NPS is regulated by the Pension Fund Regulatory and Development Authority and offers tax benefits under income tax laws.
Nominal Group Technique (NGT) is a structured group decision-making process. Participants first generate ideas independently, then share and rank them collectively. This method reduces bias, encourages equal participation, and helps reach consensus effectively.
A Minority Business Enterprise (MBE) is a company that is at least 51% owned, operated, and controlled by individuals from recognized minority groups. MBEs may qualify for government or corporate supplier diversity programs. Such initiatives aim to promote equal business opportunities and economic inclusion.
Talent management refers to the systematic process of recruiting, developing, and retaining skilled employees. It includes workforce planning, performance management, learning, and succession planning. Effective talent management helps organizations build strong leadership pipelines and improve long-term performance.
Staffing is the process of identifying workforce needs and filling positions with qualified candidates. It includes recruitment, selection, training, and placement. Effective staffing ensures the organization has the right talent to achieve its goals.
Management training refers to programs aimed at developing managerial and leadership abilities. It covers skills such as communication, problem-solving, team management, and strategic thinking. These programs prepare employees for supervisory and leadership roles within the organization.
Lateral joiners are professionals recruited from other organizations into positions at the same level of responsibility. They bring prior experience, industry knowledge, and specialized skills. Companies hire lateral joiners to quickly fill skill gaps and strengthen their workforce.