Daily employee timesheet with tasks

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.

The Base Wage Rate refers to the minimum fixed compensation an employee receives for performing specific job responsibilities. It does not include bonuses, benefits, commissions or other forms of additional compensation. This rate is typically determined by the skills, experience and responsibilities required for the position.

Basic salary refers to the base income of an individual before any extras are added. This figure generally accounts for a large majority of the total salary, excluding bonuses, benefits, or overtime payments. This income is a fixed amount paid to employees for their services to the employer and is subject to income tax.

A Blended Workforce is a modern employment approach that involves a combination of full-time staff, part-time employees, contract workers, freelancers, and remote workers. This allows companies to be more flexible and convenient in managing employment based on demand, skills, and budget constraints. It can also help organizations bring together diverse talent and experience for specific projects.

Conditions of Employment refer to the terms and stipulations agreed upon by both employer and employee at the time of hiring. These typically include details about job responsibilities, remuneration, working hours, benefits, and policies for vacation, sickness, and termination. Both parties are obligated to abide by these agreed-upon conditions during the course of employment.

A Direct Report refers to an employee who is directly supervised or managed by a particular supervisor or manager. The term corresponds to the relationship between the manager and the subordinate in a corporate structure. It emphasizes the straight-line of command and communication existing within organizational hierarchies.

Direct Reports refer to employees or subordinates who are directly supervised or managed by a particular boss or manager. They are the individuals that a manager is directly responsible for in terms of task allocation, performance appraisal and oversight. The term originates from the organizational structure of businesses, primarily focusing on hierarchical relations.

Employee Evaluation, also known as performance review or appraisal, is a method employed by companies to assess the work performance of their employees. It provides a platform for supervisors to give constructive feedback on employee performance, identify skill gaps, and define future goals. Essentially, it forms an integral part of talent management and development in organizations.

Employee Type refers to the classification of an employee based on their job roles, functionalities, and responsibilities within an organization. Common employee types include full-time, part-time, permanent, temporary, contract workers, and freelancers depending on the hours they work and the permanency of their role. These classifications can greatly affect their benefits, compensation, and legal rights.

An employment contract is a legally binding document that outlines the formal agreement between an employer and an employee. This agreement defines the terms and conditions related to the job, including job responsibilities, salary, benefits, working hours, and termination conditions. It provides protection for both parties involved and helps prevent potential disputes.

Exempt employees are categories of employees who are exempt from certain labor laws, including specifically from overtime pay provisions. This includes typically high-level positions such as executives, professionals, and outside sales employees. Their salary isn't based on the number hours worked and they aren't eligible for overtime, regardless of the amount of hours they work per week.

A Flexible Workplace, or Flexible Workspace, is a work environment where the organization operates with flexible working hours and workplaces. It adopts strategies such as telecommuting, flextime, job sharing, or compressed work weeks which enables employees to choose when and where they conduct their work. This approach enhances work-life balance, reduces commuting time, and allows the business to tap into a wider talent pool.

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.

Gross wages refer to the total income earned by an employee before deductions such as taxes, insurance, and benefits are subtracted. It is the total compensation provided for the services rendered by the employee, including regular pay, overtime, bonuses, and commissions. The deductions taken from this total amount give the net pay, which is the amount an employee actually takes home.

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.

Hourly to Annual Salary is a conversion used to estimate a worker's annual wage based on their hourly pay. It is typically calculated by multiplying the hourly wage by the number of hours worked in a week and then multiplying that number by 52 (the number of weeks in a year). This calculation provides a rough estimate and does not account for factors such as overtime, bonuses, or time off.

Hourly to Yearly is a conversion used to estimate the annual salary of a worker based on the hourly wage. It's generally calculated by multiplying the hourly wage by the number of working hours in a week and the number of weeks in a year. A common estimate is based on a 40-hour week over 52 weeks, although actual work patterns may differ.

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.

An independent contractor is a person or entity engaged in a work performance agreement with another entity as a non-employee. They provide goods or services according to the terms of a contract they have negotiated, are paid a flat fee for the job, and are responsible for paying their own taxes. Independent contractors have more control over how they complete their work but receive fewer protections and benefits than employees.

New Hire Orientation refers to the process of introducing newly hired employees to the workplace, culture, people, responsibilities, and policies of the company. It is a crucial HR activity that helps new employees to understand the expectations and to adjust smoothly to the new environment. This process can range from a day-long overview to an in-depth, week-long experience depending on the company and role.

A Pay Group refers to a classification method used by businesses to group their employees based on certain common aspects, such as hourly wage rate, salary type, or payment frequency. It's a vital element in payroll and compensation management, assisting businesses in customizing payrolls, compensation rules, and benefits for different categories or classes of employees. The creation of pay groups simplifies the process of payroll administration and ensures conformity with legal regulations.

A Pay Period is a recurring length of time over which employee time is recorded and paid. Examples of pay periods are: weekly, bi-weekly, semi-monthly, and monthly. The choice of pay period depends on the company's payment policy and the employment agreement.

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.

Performance Management is a continuous process of communication between a supervisor and an employee that occurs throughout the year, in support of accomplishing the strategic objectives of the organization. It involves activities such as setting clear goals, regular feedback, conducting regular appraisals, promoting employee skills development, and recognizing employees' achievements. The main goal is to improve employees' effectiveness and productivity to meet the company's overall mission and goals.

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.

A salaried employee is a type of worker who is paid a fixed amount of money or compensation (salary) by an employer. Instead of being paid per hour, these employees receive their salary which is typically stated in annual terms. Benefits, expectations, and work hours may differ from hourly employees.

Salaried Non-Exempt is a category of employment where an employee is paid a fixed salary but is also eligible for overtime pay per the Fair Labor Standards Act (FLSA). This means that, unlike "exempt" employees who are not paid extra for more than 40 hours of work in a week, salaried non-exempt employees get overtime compensation. The non-exempt status is often due to the nature of the job duties or the level of decision-making power held by the employee.

Seasonal employment refers to a type of temporary employment where workers are hired for a specific season, usually due to increased workload at that particular time. The most common example of this is retail jobs during the holiday season. These jobs can vary in duration, with some lasting a few weeks to several months, but they are not intended as long-term employment.

Self-Employment tax is a tax that one must pay if he/she runs his/her own business as a sole proprietorship, as an independent contractor, as a member of a partnership, or as a member of a limited liability company that does not elect to be treated as a corporation. This tax typically goes toward social security and Medicare contributions. The rate is determined by the individual's net profit from his/her business.

The Social Security Administration (SSA) is a U.S. government agency that manages social insurance programs, including Social Security retirement, disability, and survivor benefits. It was established in 1935 as part of President Franklin Delano Roosevelt's New Deal initiative. The SSA is tasked with administering benefits to around 64 million Americans, making it one of the largest government agencies.

The Social Security Tax is a U.S. federal tax that funds the Social Security program, which provides benefits for retired individuals, the disabled, and their dependents. This tax is levied on employers, employees, and self-employed individuals, and it's proportionate to earnings with a cap in place that gets revised annually. It's part of the payroll taxes and is collected by the Internal Revenue Service (IRS).

The Standard Deduction is a specific dollar amount that reduces the income you're taxed on. In the United States, it varies based on your filing status, age, whether you're blind, and if you can be claimed as a dependent by another taxpayer. It is taken as an alternative to itemizing deductions.

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.

Straight-Time Pay refers to the regular compensation that an employee receives for the standard number of hours they worked, excluding any overtime or bonuses. This rate is usually defined in the employment contract and varies depending on the individual's job profile and experience. It is often used as a basis for calculating overtime payment or bonuses.

Wage to salary refers to the conversion of an hourly wage into a yearly salary or vice versa. It is a common practice in HR calculations to provide comparative analysis between different pay structures. This concept is significant when determining an employee's annual compensation based on hourly wage or in converting a salary into hourly pay for part-time employees.

A worker refers to a person who is involved in some form of economic activity to earn a living. This includes individuals performing jobs in various sectors such as agriculture, industry, services, etc. Workers can be categorized into different types such as self-employed, employees, unpaid workers, etc.

Workforce Analysis refers to the process of evaluating the current capacity of an organization in context to its labor force. It involves assessing the skills, capabilities, productivity, and other factors related to the employees within an organization. This analysis helps to identify any gaps between the employees’ existing skills, the organizational objectives and to plan for future workforce requirements.