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Your A-Z Guide of HR Acronyms & Abbreviations

Analytics in HR

BIK: Benefits In Kind Benefits In Kind (BIK) refer to any non-monetary compensation that employers provide to their employees. HR acronym usage example: “Examples of a BIK include healthcare benefits, meal vouchers, retirement plans, childcare assistance, and accommodation.” Go to Glossary G 27.

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PEO: The Ultimate Guide (Everything You Need To Know)

Genesis HR Solutions

Co-employment refers to the contractual allocation and sharing of responsibilities. Co-employment is the business model used by PEOs. Among other things, it gives client companies access to a broader spectrum of employee benefit plans, distributes employer risk, and shifts fiduciary liability of 401(k) plans to the PEO.

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Guide to Hiring Employees in Costa Rica

Recruiters Lineup

Employee Benefits: Employees in Costa Rica are entitled to various benefits, including paid vacation days, sick leave, maternity and paternity leave, and bonuses such as the mandatory Christmas bonus (Aguinaldo) equivalent to one month’s salary.

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Guide to Hiring Employees in Malawi

Recruiters Lineup

Reference Checks: Employers may conduct reference checks to verify candidates’ employment history, qualifications, and character. Sick Leave: Malawi labor laws also provide for sick leave to employees who are unable to work due to illness or injury. These assessments can help employers make informed hiring decisions.