THE HR GLOSSARY
Clear terms.
Better understanding.
Make sense of the language behind people, payroll, and everyday work. Find a definition, understand the context, and keep the conversation moving.
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60 termsP
- Probation PeriodA probation period is the starting phase of a job, usually lasting 3 to 6 months. During the probation period, the company checks if the emp...
- Professional Tax (PT)Professional Tax is a small tax charged by state governments on working people in India, deducted directly from the employee's monthly salar...
- Provident Fund (PF)A retirement savings scheme funded through contributions from eligible employees and employers.
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- Shops and Establishment ActState-specific legislation governing working conditions in commercial establishments.
- Statutory BonusStatutory bonus is a mandatory bonus that certain eligible employees in India are entitled to receive under the Payment of Bonus Act
- Succession Planning.Preparing employees to take over important roles when key positions become vacant.
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- TDS (Tax Deducted at Source)Income tax deducted from an employees salary by the employer.
- Termination & Full-and-Final SettlementThe process of ending employment and settling all outstanding employee dues.
- Toxic Work CultureA workplace environment where unhealthy behaviors and persistent negativity affect employees.
- Training Needs Analysis (TNA)The process of identifying employee skill gaps and training requirements.