A work policy is a formal document that outlines expectations, rules, and procedures employees must follow in the workplace. It covers areas like attendance, conduct, remote work, leave, and safety, ensuring consistency, compliance, and clarity across the organization.
Work from home (WFH) is a work arrangement that allows employees to carry out their tasks from their residence instead of commuting to an office. It relies on technology for communication and collaboration, offering flexibility, cost savings, and improved work-life balance for employees and employers.
A work from home stipend is an allowance employers give employees to offset costs of working remotely, such as internet, electricity, or office equipment. It helps create a productive home office setup, supports employee well-being, and ensures fairness in remote work arrangements.
Work from Anywhere (WFA) is a remote work model that allows employees to perform their jobs from any location, not just their home or office. It gives workers maximum flexibility, helps employers access global talent, and relies on strong digital infrastructure and compliance policies.
A workation is a blend of work and vacation where employees continue doing their job while staying in a travel or leisure destination. It allows professionals to maintain productivity while enjoying a change of scenery, often boosting creativity and well-being. Workations have become popular with the rise of remote work and flexible job arrangements.
A wire transfer is the electronic movement of funds from one bank account to another, either domestically or internationally. It is widely used for large, urgent, or cross-border transactions because of its speed and security. Wire transfers typically involve fees and require accurate banking details to ensure successful delivery.
A work visa is a government-issued authorization that lets a foreign citizen work legally in a country for a set period. It usually requires employer sponsorship and may be tied to a specific job or sector. Work visas are essential for global mobility, ensuring compliance with immigration and labor laws.
A wholly owned subsidiary is a business entity whose entire share capital is owned by another company, known as the parent company. This structure allows the parent to control decisions, finances, and strategy while the subsidiary operates as a separate legal entity. It is often used for global expansion, risk management, and compliance purposes.
A W-2 form is an IRS tax document that employers must provide to employees each year. It details total wages earned and the amount of federal, state, and other taxes withheld from paychecks. Employees use this form to file their income tax returns and verify their earnings with the IRS.
Form W-4, officially called the Employee’s Withholding Certificate, is completed by U.S. employees to inform their employer of the correct amount of federal income tax to withhold. It takes into account filing status, dependents, and other income adjustments. Submitting an accurate W-4 helps employees avoid underpayment or overpayment of taxes during the year.
Understand Take Home Pay with our detailed glossary entry—learn how it's calculated and what factors affect your net income.
Learn about work permits, their requirements, and how they allow foreign nationals to work legally in specific countries.
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