The business glossary.
Plain-English definitions of the terms that come up running a business — written by the team that builds the software behind them.
1,008 entries
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requisition
Requisition. A formal request for personnel, goods, or services, initiating the procurement or hiring process within an organization.
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resource allocation
Optimize efficiency with strategic resource allocation. Allocate assets effectively for better productivity and project outcomes. Learn more now.
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resource
Resource. A vital asset, whether human, financial, or material, crucial for efficiently achieving organizational objectives and goals.
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retaliation
Legal or illegal retaliation may depend on whether the Equal Employment Opportunity Commission protects employee complaints.
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retrenchment
Uncover the essence of retrenchment compensation in our concise glossary. Understand severance packages and workforce transitions.
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retro pay
A Retro Pay is made to an employee who was wrongly treated in a previous round of compensation, for example, by not adding a bonus.
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reverse mentoring
Reverse Mentoring. A collaborative learning approach where younger or less experienced employees guide and mentor senior colleagues.
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rightsizing
In order to Rightsizing your workforce and bring new energy and a fresh perspective to your company, rightsizing can be a crucial step.
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risk management
Risk Management. A systematic approach to identify, assess, and mitigate potential risks, ensuring organizational resilience and stability.
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roll off date
Plan for a smooth transition with the roll off date. Ensure project closure and resource allocation align seamlessly with the roll-off date.
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salary breakup
Decode your salary breakup for better financial understanding. Know where each rupee goes to maximize your earnings.
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salary hold by employer letter
Understand the process of salary hold by employer letter. Navigate situations where salary payments are temporarily withheld.
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salary on hold
Understanding salary on hold situations is vital. Learn why and how salaries may be placed on hold to manage financial challenges.
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salary register
Maintain a comprehensive salary register. Ensure accurate records of employees' earnings and deductions.
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salary revision
Salary Revision. An organized review and adjustment of employee compensation to align with market trends, performance, and organizational goals.
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salary variance report
Salary Variance Report. An analysis outlining discrepancies or changes in salaries, enabling organizations to monitor and manage payroll effectively.
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sales recruitment
Effective sales recruitment strategies for building a high-performing team. Learn about sourcing, assessing, and hiring top sales talents.
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sandwich leave
Sandwich Leave. A type of leave taken between two working days, creating a 'sandwich' with non-working days like weekends or public holidays.
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scope of hr audit
Explore the comprehensive scope of HR audit. Enhance your organization's HR processes, compliance, and effectiveness with HR audit insights.
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selection procedure
Navigate selection procedure. Hiring insights, process steps, tips for recruiters. Make informed choices with our best selection procedure guide.
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selection process
Master the selection process. From job applications to interviews. Our guide offers insights for a seamless and effective selection process.
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self appraisal
Self Appraisal. An opportunity for individuals to assess their own performance, set goals, and contribute to performance reviews proactively.
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severance pay
Severance pay, often referred to as a severance package or separation pay, is a financial compensation provided by an employer to an employee who is
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sick leave
Sick Leave. Authorized time off granted to employees for health-related reasons, ensuring their well-being and preventing the spread of illness.
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