Monthly leave planner

The 4 Day Work Week refers to a progressive employment arrangement where the standard five-day working week is reduced to four days, without a reduction in total hours worked. It is viewed as a way to improve work-life balance, increase productivity, and maintain employee well-being. Each workday may be longer, but employees get a three-day weekend.

A 9/80 work schedule refers to a type of flexible work arrangement where employees work nine-hour days for eight days in a two-week period, and then enjoy one eight-hour day, providing them with an extra day off every two weeks. The total worked hours still equal 80 over the course of two weeks, thus maintaining full-time status. It's a strategy used by employers to improve employee morale and work-life balance while maintaining productivity.

Absence Management is a strategic approach by businesses to control, track, and reduce the rate of employee absence due to sickness, vacation, or other kinds of leaves. The primary goal is to reduce the negative impact that employee absence can have on business productivity. This approach encompasses policies and frameworks that aid in maintaining a productive business environment.

Absenteeism refers to the habitual or deliberate avoidance of work or duty, usually characterized by employees' frequent absence from work. This can adversely affect a company's operations, productivity, and profitability. Managing absenteeism effectively is a critical aspect of human resource management.

Absenteeism Policy is a set of rules and procedures that an organization creates and implements to address issues of employee absenteeism. It outlines the expectations for attendance, how absences will affect work and pay, and the consequences for excessive absences. The policy may also include procedures for reporting absences and seeking leave of absence.

Accruals, in terms of leave, refers to the process by which employees accumulate or earn time-off benefits the longer they stay in service. The accrual rates can be based on factors like number of hours worked, length of service, or type of employment. These benefits can be used for paid vacation, sick leave, or personal time off.

Bereavement Leave, also known as Compassionate Leave, is the time off granted by employers to employees due to the death of a close relative or friend. The length and pay of such leave can vary greatly depending on the company's human resource policies. This leave allows employees to grieve, handle funeral arrangements, and undertake any necessary travel.

Compensatory Time Off refers to the policy of granting employees extra time off as compensation for extra hours they've worked beyond their scheduled working hours. Instead of paying overtime, businesses might adopt this approach to minimize costs. It becomes an alternative to paying employees overtime in cash while giving flexibility to employees.

Disability Leave, also known as Disability Absence, refers to the period of time a employee is unable to work due to a physical or mental impairment. This leave is often covered under various laws and regulations which can offer the employee job protection and benefits during their absence. Overall, the length and terms of a Disability Leave can vary depending on the individual's circumstances and the policies of their workplace.

Federal holidays are public holidays established by federal law in the United States. On these days, non-essential federal government offices are closed, and federal employees are paid to have the day off. Federal holidays may also impact services like mail delivery and certain banking operations.

A Floating Holiday is a paid time off from work, granted by employers to employees at their discretion. Unlike standard public holidays, these days are generally determined by the employees themselves for personal use. The intent is to allow employees to celebrate holidays not recognized within the standard paid leave system.

Full-Time Equivalent (FTE) is a unit that indicates the workload of an employed person in a way that makes workloads or class loads comparable across various contexts. An FTE of 1.0 means that the person is equivalent to a full-time worker, while an FTE of 0.5 signals that the worker is only half-time. Essentially, it's a measurement that translates part-time work into full-time work terms.

Full-Time Hours refer to the conventionally accepted amount of hours an employee is expected to work in a week in a full-time job. Depending on the country and/or industry, this typically ranges between 35 to 40 hours per week. Full-time employment often comes with benefits like health insurance, paid vacation and sick days, which may not be available to part-time or contract workers.

Holiday Pay refers to employee compensation for designated holidays, such as New Year's Day, Independence Day, or Christmas, when the employee does not work. It is a type of benefit often included in a company's benefit package. The specifics, such as which holidays are paid and the rate of pay, can vary between organizations.

An hourly employee is a type of worker who is paid on an hourly basis, rather than receiving a fixed salary. The pay would depend on how many hours they work in a specific pay period and it usually includes payment for overtime hours as per federal or state laws.

Hours Worked refers to the amount of time an employee spends on job-related tasks in a specified period. It usually includes regular working hours, mandatory or voluntary overtime, and training hours. It's crucial for calculating compensation, benefits, and compliance with labor laws.

Leave Accrual Processing refers to the system or mechanism followed by companies to calculate and track the leave time earned by their employees. The frequency of this calculation could be based on a predetermined timeframe - weekly, bi-weekly, monthly, or yearly. The process varies depending on the company policy and can include different types of leaves like paid time off, sick leave, vacation, etc.

Medical Leave of Absence is a period of time in which an employee is allowed to be off work due to personal health issues or to care for ill family members. This often falls under laws such as the Family and Medical Leave Act (FMLA) in the United States, guaranteeing certain workers up to 12 weeks of job-protected unpaid leave. The employer is also required to maintain the employee's healthcare benefits during this period.

Paid holidays are days when employees are given time off from work but still receive their usual compensation. The specific holidays and the amount of paid time off allowed can vary by country, organization, and the employee's contract.

Paid Time Off (PTO) is a policy that allows employees to take time away from work and still receive their regular pay. It typically covers situations like vacation, personal time, or illness. This policy is more flexible than traditional separate systems of vacation days, sick days, and other time off because it pools all time off into one accessible bank for employees.

Parental Leave is a labor right that allows parents to take time off work to take care of their newly born or adopted child. Various countries have different legislations and policies regarding the length and payment during the leave. It promotes the balance of work and family life, and it's generally divided into maternity leave, paternity leave, and adoption leave.

Payroll Deduction is a term that refers to any amount deducted from employee's earning by the employer. It can include taxes, insurance premiums, retirement contributions, and deductions for employee benefits. These deductions are typically managed in accordance with government regulations and employment contracts.

A Qualifying Life Event (QLE) refers to a significant change in an individual's life situation, such as marriage, birth of a child, death of a spouse, retirement, job loss, relocation, or divorce. These events may allow a person to change their insurance coverage outside of the standard open enrollment period. The QLE typically triggers a 'special enrollment period' that usually lasts 30-60 days, during which changes can be made.

Regular Time refers to the standard hours of work for which an employee is contracted on a daily or weekly basis. This typically encompasses the traditional 9 to 5 schedule, but can vary based on company policy or legal requirements. Over and above these set hours, any work done is usually considered as overtime.

Standard Hours refer to the typical amount of time that an employee is expected to work in a regular workday or workweek. It is the benchmark used to calculate wages, discern overtime, and allocate resources. Often, in many jurisdictions, standard hours are dictated by labor laws to ensure a fair working environment.

Vacation Pay refers to a percentage of an employee's regular wages that an employer sets aside for vacation time as regulated by employment standards legislation. This compensation is typically accrued and paid out when the employee takes their entitled vacation time. It ensures that workers can enjoy their holiday periods without financial strain.

Work-Life Balance refers to the equilibrium between professional responsibilities and personal life activities or leisure time. It's about striking a balance between work demands, such as work schedules, workload, and pace, and personal life including leisure activities, family time, and personal interests. Maintaining a good work-life balance is critical to reduce stress, enhance job satisfaction, and improve overall wellbeing.