Remove Business Process Outsourcing Remove Employee Benefits Remove Policies Remove Retirement
article thumbnail

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.”

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Genesis HR Solutions

Most offer cornerstone services, handling things like: Health benefits. Payroll processing and tax compliance. Human resources policies and practices. PEOs can also offer more specialized services, including (but certainly not limited to): Employee training and development. Workers’ compensation claims. Risk management.

article thumbnail

Guide to Hiring Employees in Malawi

Recruiters Lineup

Onboarding: After signing the employment contract, the new employee undergoes an onboarding process, which may include orientation sessions, training, and familiarization with company policies, procedures, and culture. These reasons include: Misconduct: Serious breaches of company policies or the law.

article thumbnail

Guide to Hiring Employees in the Philippines

Recruiters Lineup

Minimum Wage and Overtime: The Philippines has a minimum wage policy that varies across regions and industries. Orientation and Onboarding: New employees undergo an orientation process to familiarize them with the company policies, culture, and their specific roles.