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 14 terms in category Payroll — Clear filters
A
Allowances
Additional payments made to employees to cover specific work-related expenses.
Payroll
D
Deductions
Amounts withheld from an employee's gross pay before they receive their net pay.
Payroll
F
Final Pay
The last payroll payment made to an employee upon leaving an organization.
Payroll
G
Gross Pay
Total employee earnings before any deductions are applied.
Payroll
N
National Insurance
UK social security contributions paid by employees and employers.
Payroll
N
Net Pay
Take-home pay after all deductions have been subtracted from gross pay.
Payroll
O
Overtime
Hours worked beyond the standard working week, often paid at a premium rate.
Payroll
P
Pay Period
The recurring interval at which employees are paid.
Payroll
P
Pay Slip
A document provided to employees detailing their pay and deductions.
Payroll
P
Payroll
The system for calculating and distributing employee compensation.
Payroll
S
Severance Pay
Compensation paid to employees upon termination of employment.
Payroll
S
Social Security
Government-mandated contributions funding welfare benefits for employees.
Payroll
L
Lump Sum Payment
A single one-time payment made to an employee outside the regular payroll cycle.
Payroll
S
Shift Allowance
Additional pay provided to employees who work unsociable or irregular hours.
Payroll

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