Refund Policy

Abandonment Rate is the percentage of interactions that didn’t turn into successful deals.

Absenteeism Policy is a policy that regulates employees’ absence.

Ageism refers to the consideration of age in decision-making processes, such as hiring, promotions, and task assignments.

Back Pay is wages owed for the past work period and is paid retroactively.

A Bargaining Representative is the person or union authorized to negotiate employment terms collectively.

Base Pay is fixed monetary compensation excluding bonuses, overtime, or benefits.

Candidate Call Back Rate is the percentage of applicants invited for an interview after submitting their initial application.

Candidate Centric Recruiting is a hiring strategy prioritizing the candidate’s needs, preferences, and experience throughout the recruitment cycle.

Candidate Engagement is the process of maintaining active and meaningful communication with potential candidates to build long-term relationships.

Data-Driven Recruitment refers to hiring decisions based on analytics and metrics rather than intuition.​

Database Management means organizing and maintaining employee records in centralized digital systems.​

Decentralization refers to the arrangement where decision-making authority is distributed to lower organizational levels.​

E-Recruitment is hiring through online platforms and digital sourcing methods.

Earned Leave is paid time off accumulated based on months or years served.​

Earnings are the total compensation, including salary, bonuses, overtime, and incentives.​

Factor Comparison is a job evaluation method to compare roles across key compensation factors systematically.

The Fair Labor Standards Act is a U.S. law that sets minimum wage, overtime, and child labor standards.​

The Federal Insurance Contribution Act is the U.S. law mandating Social Security and Medicare payroll taxes.​

A Gag Clause is a contract provision prohibiting the disclosure of salary or workplace information.

Gamification means applying game elements like points, badges to engage employees in training.​

A General Agent is an HR representative with broad authority to bind the company on employment matters.​

Halo Effect is the cognitive bias where one positive trait influences the overall positive perception.​

Hard Skills are the specific, teachable technical abilities like coding or accounting proficiency.​

The Harvard Model is a framework linking HR policies to business strategy through stakeholder interests.​

Imputed Income refers to the monetary value of non-cash compensation that employees receive from their employers.

In-basket Technique means a simulation-based technique employed in HR to examine and evaluate the decision-making of the candidate.

In-house Training is the process of educating and upskilling the employees within the organization.

Job Board is an online platform where employers post vacancies, and candidates search for new career opportunities.

A Job Description is a formal document outlining the duties, responsibilities, required skills, and qualifications for a specific role.

Job Dissatisfaction is a worker’s sense of discontent or unhappiness emerging from their tasks, environment, or compensation.

A Key Employee is an individual whose specialized skills, experience, or leadership are vital to a company’s operational success.

Knowledge Management is the systematic process of capturing, organizing, storing, and sharing an organization’s collective information and expertise.

Knowledge Transfer is the practical exchange of information, skills, and institutional experience between different people or departments.

Lateral Hiring is recruiting experienced professionals from other companies to fill similar roles at the same level.

A Lateral Move is the shifting of an employee to a different role with similar pay, responsibility, and organizational level.

Layoff means temporary or permanent termination of employment due to business reasons rather than employee performance.

Marriage Leave means paid time off granted to employees for celebrating their wedding or managing related personal preparations.

Maternity Leave is a legally mandated paid time off for female employees before and after childbirth for recovery.

Mean Wage is the average salary calculated by dividing total group wages by the total number of employees.

Negligent Hiring is when an employee is hired who is not suitable to safely fulfill their role.

Net Pay means the total earnings of an employee received after all deductions are made from his gross pay.

New Hire Turnover is a metric to calculate the number of employees who leave the job within a given period.

Observation Interview refers to a recruitment technique to hire a candidate based on his/her performance in their role.

An Offer Letter is a formal document provided to the candidate to confirm their selection for the job.

The Offer Letter Acceptance Rate is a metric to measure the number of candidates who accepted the firm’s job offer.

Paid Days are the days for which the employee is being paid by the employer.

Paid Time Off means the leaves that the employee can claim while receiving their entitled salary.

Parental Leave is the authorized leave provided to employees after child birth.

Qualifying Life Event means a significant life-changing event, like marriage or childbirth, that allows employees to modify their insurance benefits.

Quiet Hiring refers to acquiring new skills or talent through internal procedures and contractors without adding full-time staff members.

Quality of Work Life (QWL) is the overall favorability of a job environment, focusing on employee well-being, satisfaction, and health.

Range Spread is the difference between the minimum and maximum salary in the pay grade.​

Rate of Pay is the compensation amount per hour, day, or month worked.​

Recruiting Metrics refers to key performance indicators measuring hiring process effectiveness, efficiency.

Scheduled Time-off is a pre-approved leave planned through the formal request process.

Sensitivity Training is a workshop that develops awareness of personal, cultural biases in interactions.

Skills Gap is the difference between current employee abilities and future job requirements.

The Taxable Wage Base is the maximum earnings subject to specific payroll tax rates annually.​

Turnover refers to the rate at which employees leave and are replaced within the organization.​

A Temporary Employee is a worker hired for a limited duration, specific project, or season.​

Unexpected Time Off means unplanned absences require immediate workplace adjustments for a smooth workflow.

Unfair Labor Practice means employer or union actions that violate collective bargaining and worker rights laws.​

Utilization Analysis refers to a review of measuring workforce diversity against qualified labor market availability.​

Vacancy Rate refers to the measure of vacant posts over a period of time.

Variable Pay is the amount received by the employee, considering his performance and goals met.

Vestibule Training is a type of training where the candidate learns the skills in an assimilated environment to gain the experience of actual work conditions.

Wage Drift means the difference between the negotiated salary and the actual salary credited to the employee.

Whiteboard Interview is an interview technique where the candidate is made to solve a problem on a whiteboard.

Work From Anywhere is a system where the employee is allowed to work from any place of their choice.

Yellow-dog Contract refers to the agreement through which the employee refuses to join a union.

The Yield Ratio is the measure depicting the number of suitable candidates qualified for the next interview round.

Year-end Processing means completing the accounting process at the end of the year.

Zero-based Budgeting is a budgeting system in which the expenses and respective targets are set afresh at the beginning of every budgetary term.

Zoom Fatigue is physical, mental, and social exhaustion owing to the consistent video conferencing meetings.