A Bell Curve is a graphical representation of performance distribution where most employees fall in the average range, with fewer high and low performers. Organizations use it in performance appraisals to standardize ratings and identify top and bottom performers. However, its use is often debated due to fairness concerns.
BPJS registration is the procedure for signing up individuals or workers for Indonesia’s BPJS Kesehatan and BPJS Ketenagakerjaan programs. Through this process, participants gain access to health coverage, workplace protection, and other social security benefits. Employers are responsible for registering their employees and managing monthly contributions.
BPJS Ketenagakerjaan (Badan Penyelenggara Jaminan Sosial Ketenagakerjaan) is Indonesia’s social security program focused on worker protection. It provides benefits covering workplace accidents, old-age savings, pensions, and death compensation. Employers and employees share contributions to ensure long-term financial security for workers.
BPJS Kesehatan (Badan Penyelenggara Jaminan Sosial Kesehatan) is Indonesia’s public health insurance program. It ensures that citizens and employees have access to essential medical services at low or no cost. Both employers and workers contribute monthly premiums to maintain coverage.
A break policy is a workplace rule that defines when and how employees can take rest or meal breaks during their shift. It ensures compliance with labor regulations, supports employee health, and maintains productivity by setting clear expectations for workday pauses.
A Bank Identification Number (BIN) is the initial series of digits on a credit or debit card that identifies the issuing bank or financial institution. BINs help process transactions securely by matching the card type, bank, and country, reducing fraud and ensuring payment accuracy.
Bereavement leave is a type of employee leave that allows individuals to take time off work after the death of a close relative or loved one. It provides space to grieve, make funeral arrangements, and handle personal matters. The length and pay of bereavement leave vary by employer policies and local labor laws.
A background check is a screening process employers use to confirm a candidate’s identity, qualifications, and past records. It can include employment history, education verification, credit reports, and criminal record checks. Background checks help companies make informed hiring decisions, reduce risks, and ensure workplace safety and compliance.
Business equity is the residual value of a company after subtracting all liabilities from its total assets. It represents the ownership interest that business owners or shareholders have in the company. Equity can grow through retained earnings or investments and is a key indicator of financial health and long-term value.
A Broker of Record (BOR) is an insurance professional or firm officially appointed by a client to represent them in dealings with insurance companies. The BOR manages policies, negotiates terms, and ensures the client gets proper coverage and service. Clients designate a BOR through a formal letter, which transfers responsibility from a previous broker to the new one.
A bank payment file is an electronic document that contains payment instructions a business submits to its bank. It typically includes details like account numbers, payment amounts, and transaction dates for multiple recipients. Companies use payment files to streamline bulk transactions such as payroll, vendor payments, or reimbursements, ensuring accuracy and efficiency.
Bi-weekly payroll is a system in which employees are paid once every two weeks, usually on the same weekday. This schedule results in 26 paychecks per year, slightly more than a semi-monthly system. It is a common choice for employers because it balances consistency for employees and manageable cash flow for businesses.
Base salary is the predetermined amount of money an employee receives for their work, typically expressed as an annual figure. It does not include variable components like bonuses, overtime pay, or allowances. Base salary provides financial stability and forms the foundation of an employee’s overall compensation.
Back pay refers to wages that an employer owes an employee for work already performed but not properly compensated. It may result from payroll errors, underpayment, wrongful termination cases, or delayed raises. Back pay ensures employees receive the full amount they are legally entitled to.
BPJS stands for Badan Penyelenggara Jaminan Sosial, Indonesia’s social security administration. It is important because participation is mandatory for employees and employers, ensuring access to healthcare, pensions, and workplace protections. BPJS plays a central role in safeguarding worker welfare in Indonesia.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.