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Payroll Terms and Definitions: A Comprehensive Glossary

Zenefits

Payroll is one of the most crucial aspects of running a business — but it’s far from easy trying to learn and remember payroll terminology and jargon. If you’ve found yourself struggling to remember payroll vocabulary, don’t fret. Bonuses include holiday, signing, referral, and retention bonuses.

Payroll 36
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Cost per Hire: Definition, Formula, and Calculation

Analytics in HR

Let’s have a look at the cost per hire definition, formula, and how to calculate it. Internal costs Definition Compliance costs These are the expenses associated with the monitoring and processing documents to be compliant (e.g., Contents What is cost per hire? Cost per hire formula How do you calculate cost per hire?

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Employee Bonuses 101

Namely

There is a lot to be aware of when it comes to bonuses. There have been cases made for annual, semi-annual , holiday, and even spot bonuses. What do you want bonuses to achieve? Performance bonuses, for example, may be linked to your company’s talent review cycle and reward high-performers.

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Types of Employment & How to Choose the Right One for Your Organization

Replicon

Such employees get additional perks such as paid time off, retirement plans, bonuses, medical insurance, and more. Key Highlights Work 35-40 hours a week A dedicated workforce of a business to perform day-to-day tasks Get paid time off, retirement plans, bonuses, medical insurance, etc.

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What is compensation? How to create a compensation plan

Sage HRMS

In the workplace, a broader compensation definition includes the whole of what is earned by employees—that is salary or wages in addition to the commission, bonuses, and any incentives or perks that come with the employee’s […]. The post What is compensation?

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How to balance employee time-off requests

Business Management Daily

Is there a PTO request function in your payroll or time tracking system? The ideal option is to allow employees to volunteer to work holidays in exchange for extra pay and other incentives. You definitely do not want to be frantically calling employees for help when they’re on vacation or seriously ill. Cross-training staff.

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Understanding and Managing Employee Absenteeism

Homebase

We will cover: The definition of absenteeism How to manage and reduce employee absenteeism What causes employee absenteeism The effects of employees skipping work Let’s get started. Definition of employee absenteeism Employee absenteeism is a frequent lack of attendance at work without a valid cause.