Emoluments in salary refer to the comprehensive compensation package an employee receives, including basic salary, allowances, bonuses, incentives, perquisites, and retirement benefits. It represents the total monetary and non-monetary remuneration for services rendered, encompassing far more than just the fixed salary component.
A Critical Feedback Report (CFR) is a comprehensive diagnostic report generated by a system or application when it encounters a critical issue or event that requires immediate attention. These reports capture detailed information, including error logs, system metrics, and diagnostic data, to assist in identifying and resolving the root causes of performance problems, errors, or unexpected behavior.
Allowances in salary refer to fixed amounts provided by employers to employees in addition to their basic pay. These are compensation components designed to cover specific expenses or needs related to job roles or personal circumstances.
360-degree feedback, also known as multi-rater feedback or multi-source feedback, is a comprehensive performance evaluation process that involves collecting feedback from multiple sources about an individual’s performance, competencies, and behaviors in the workplace.
The absenteeism rate is a metric that measures the percentage of unplanned absences in a workplace over a specific period of time.
Employee turnover rate refers to the proportion of employees who leave a company over a certain period of time. It is typically expressed as a percentage and is calculated by dividing the number of employees who have left the organization by the average number of employees in that same time period.
Basic salary is the principal component of an employee’s salary package in India. It is the foundational amount upon which various allowances, deductions, and benefits are calculated.
Employee churn rate, also known as employee attrition rate or employee turnover rate, is a metric that measures the percentage of employees who leave an organization within a specific period, typically a year.
Employee recognition refers to the acknowledgment and appreciation of an employee’s contributions, achievements, and efforts within an organization.
Employee experience encompasses the entirety of an employee’s journey within an organization, from the initial recruitment process to their daily interactions, growth opportunities, and eventual departure.
OKRs (Objectives and Key Results) are a goal-setting framework used by individuals, teams, and organizations to set ambitious goals and measure progress. OKRs help align efforts across an organization by connecting objectives to measurable key results.
Payroll reconciliation is the process of comparing your payroll expenses to the actual money paid out and deducted, in order to ensure accuracy. This involves verifying that the net pay amounts on payroll registers match what was actually paid to employees.
Have you ever wondered what exactly makes up your total compensation as an employee? Beyond just your in-hand salary amount, your remuneration package consists of various components and perks. But do you fully understand what these components are and the typical...
A pay structure refers to the system and policies a company uses to determine employee compensation. It includes the various components that make up an employee’s total remuneration package.
Floating goals are flexible, adjustable financial goals that adapt to your changing circumstances. Unlike fixed goals, floating goals do not have a definitive end target or date.
Gross wages refer to the total compensation an employee earns from their employer, before any deductions or taxes are taken out.
Mass Hiring or Mass Recruitment refers to the recruitment strategy where companies hire a large volume of candidates in a short span of time to rapidly scale up their workforce.
Compassionate leave is time off from work granted to employees in India to deal with personal emergencies involving a close family member.
A payroll cycle determines the frequency and schedule of paydays. The five most common payroll cycles followed in India are daily, weekly, biweekly, semi-monthly, and monthly.
Bereavement leave, also known as compassionate leave or mourning leave, is a type of time off granted to employees to cope with the death of a close family member or someone with whom they have a significant personal relationship. The purpose of bereavement leave is to provide employees with the time and space they need to grieve, make necessary arrangements, and attend funeral services without worrying about work-related responsibilities.
