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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73 termsG
H
- HR AnalyticsUsing HR data to understand workforce trends and make better decisions.
- HR AutomationUsing technology to automate repetitive HR tasks and processes.
- HRA (House Rent Allowance)The part of salary meant to help with rent, usually a percentage of basic. It can lower tax under certain conditions.
- HRMS (Human Resource Management System)Software that helps organizations manage and automate HR operations.
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- Leave EncashmentLeave encashment means getting paid for unused leave instead of taking time off, and it usually happens when an employee resigns or retires
- LOP (Loss of Pay)Salary cut for days an employee didn’t work and had no leave left to cover them.
- LWF (Labour Welfare Fund)A small contribution from employee and employer to a state fund for workers’ welfare. Rules and rates vary by state.
M
- Manpower / Workforce PlanningWorkforce planning means figuring out how many employees a company needs, now and in the future, along with what skills will be required.
- Maternity BenefitStatutory leave and benefits provided to eligible women employees during maternity.
- Minimum WagesThe minimum wage rate legally prescribed for eligible employees.
- MoonlightingMoonlighting means an employee doing a second job or freelance work outside their main job