HR Glossary

205 HR terms clearly defined — from Absenteeism to Zero-Hours Contracts.

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205
HR Terms Defined
21
HR Categories
25
Alphabet Letters
Showing 20 terms in category Compensation — Clear filters
B
Base Salary
The fixed regular payment an employee receives, excluding bonuses and allowances.
Compensation
B
Bonus
Additional financial compensation paid to employees beyond their base salary.
Compensation
C
Compensation
Total financial and non-financial rewards provided to employees for their work.
Compensation
G
Gender Pay Gap
The difference in average earnings between men and women in an organization.
Compensation
I
Incentive Pay
Additional compensation tied to performance targets or company results.
Compensation
J
Job Evaluation
A systematic process for determining the relative worth of jobs within an organization.
Compensation
J
Job Grading
Grouping jobs of similar size and value into grades for pay structure purposes.
Compensation
M
Merit Pay
A pay increase awarded to employees based on their individual performance.
Compensation
P
Pay Equity
Equal pay for employees who perform the same or similar work.
Compensation
P
Pay Grade
A defined pay range associated with a job level or band.
Compensation
P
Pay Review
A periodic assessment of employee salaries to determine adjustments.
Compensation
P
Profit Sharing
A scheme distributing a portion of company profits to employees.
Compensation
R
Retention Bonus
A financial incentive paid to encourage key employees to remain with the organization.
Compensation
S
Salary
A fixed regular payment made to an employee, typically expressed as an annual amount.
Compensation
S
Salary Band
A defined pay range with minimum and maximum values for a job level.
Compensation
T
Total Compensation
The complete value of all pay, benefits, and perks provided to an employee.
Compensation
V
Variable Pay
Pay that fluctuates based on performance, results, or other factors.
Compensation
P
Pay Transparency
Openly sharing information about pay ranges and compensation decisions.
Compensation
S
Salary Benchmarking
Comparing internal salaries against market rates for equivalent roles.
Compensation
G
Gainsharing
A group incentive scheme sharing productivity or cost savings with employees.
Compensation

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