Who doesn't want more money or financial freedom? Most people would jump at the chance to have greater monetary benefits, yet many are unaware of ways to maximize the financial compensation and perks available to them. There are myriad monetary...
General HR Terms
CTC (Cost to Company)
CTC (Cost to Company) refers to the total cost incurred by a company for an employee annually. It includes the salary components and benefits given to the employee.
Recruitment Management System (RMS)
A Recruitment Management System (RMS) is an integral part of any organization’s human resources function. As competition for top talent increases, companies are turning to technology to make their recruiting and hiring processes more efficient. An RMS is software that helps manage and automate various recruitment tasks like posting job openings, screening resumes, tracking applicants, managing interview schedules, and more.
Talent Acquisition (TA)
Talent acquisition (TA) is the process of identifying, attracting, and hiring skilled individuals to fill specific job roles within an organization. It is a critical function within human resources (HR) and plays a key role in an organization’s success.
Everything You Need to Know About Sick or Medical Leave Rules
Sometimes employees need to take time off work due to illness or to get medical treatment. Sick leave and medical leave are two common types of leave that allow employees to be absent from work for health reasons. It's important for employees to understand the...
Key Result Areas (KRA)
Key Result Areas (KRAs) are performance metrics that outline the most critical activities and outcomes necessary for an organization, department, team, or individual to achieve their strategic goals and objectives.
Why E-Recruitment Matters in Today’s Job Market?
What Is E-Recruitment?The Evolution of E-RecruitmentE-Recruiting Methods IncludeWhat Are the Advantages and Disadvantages of E-Recruitment?Advantages of E-RecruitmentDisadvantages of E-RecruitmentTypes of Online Recruitment MethodsTips for Effective E-RecruitmentWhat...
Leave Without Pay (LWP)
Leave without pay (LWP) is a type of unpaid time off that allows employees to take extended leaves from work for various personal, medical, or professional reasons. The key distinguishing factor of LWP is that employees take this time off without pay, meaning they forgo their usual wages and salary during the Leave without pay period.
Full and Final Settlements in Payroll: Everything You Need to Know It
Parting ways with an employer inevitably involves paperwork to settle accounts. The full and final (FnF) settlement is the last paycheck and financial settlement between an employer and an exiting employee encompassing all pending dues. But what exactly does the full...
FnF (Full and Final)
FnF, which stands for Full and Final, is a financial settlement made between two parties to fully close outstanding dues, liabilities, or contractual obligations. It signifies a complete and final payment towards any amounts owed between two individuals, companies, or organizations.
The Ultimate Guide to Choosing the Right Software for Your Fitness Studio
Whether you own a single or a chain of fitness studios in different locations, cloud-based fitness studio software automates your business processes. It provides advanced functionalities that help you to grow and scale your studio and improve overall members'...
Customer Relationship Management System (CRMS)
Customer Relationship Management (CRM) refers to software applications and systems that help businesses manage relationships and interactions with customers and prospects. The key goal of CRM is to enable organizations to better understand their target audiences, streamline processes, and deliver personalized experiences across all customer touchpoints and channels.
Transform Boring Payroll Data into Exciting Insights with Payroll Report Templates
A payroll report is a summary of the compensation paid to employees over a set period. Payroll reports are an essential part of running a business as they break down how much each employee earned in gross wages along with all taxes, deductions, and withholdings. For...
Key Performance Indicators (KPIs)
Key performance indicators (KPIs) provide a measurable way for companies to benchmark success and identify areas for improvement. By setting well-defined KPIs and monitoring them on an ongoing basis, businesses can align operations with overarching goals and strategies.
Improving Commitment to Work: Strategies to Build an Engaged Workforce
In today's competitive job market, it's more important than ever for employees to demonstrate a strong commitment to their work. But what exactly is work commitment, and why does it matter so much to employers? Commitment to work refers to an employee's dedication to...
Performance Management Systems (PMS)
A Performance Management System (PMS) is a tool organizations use to oversee and monitor the performance of individual employees. It provides a framework for managing performance at each stage of the employment lifecycle.
Optimizing Payroll Processes with an AI-Powered Payroll Automation Tool
Payroll is one of the most complex and time-consuming aspects of running a business. Yet it's also one of the most important - employees rely on accurate and timely payroll processing and payment. Mistakes can lead to financial hardship, low morale, and even legal...
Talent Management System (TMS)
A Talent Management System (TMS) is software that provides integrated solutions to manage talent processes such as recruiting, development, compensation, and analytics.
The Ultimate Guide to Maternity Leave in India – Duration, Pay, Rules and More
Pregnancy and childbirth are crucial phases in a woman's life. To support working women during this time, the Indian government has put in place maternity leave policy that allow expecting mothers paid time off work. Over the decades, maternity leave rules in India...
The Future is Visual – Revolutionize Work through Visual Communication
In today's fast-paced business world, effective communication is more important than ever. But conveying complex information or big ideas can often get lost in dense blocks of text. This is where visual communication comes in - the use of visual elements like images,...
