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A
- ACH(Automated Clearing House) or ACH transaction, is an electronic bank to bank money transfer.
- AML ScreeningAML, or anti-money laundering, screening is a critical part of compliance.
- Asynchronous CommunicationAny communication that does not take place in real-time.
- ATSSoftware application that enables the electronic handling of recruitment and hiring needs.
B
C
D
- DeductionsPayroll deductions are both required and optional deductions from an employee’s pay cheque.
- Definite And Indefinite ContractEmployment contracts that are either Fixed-term or Indefinite.
- DEWSDIFC Employee Workplace Savings (DEWS) is a savings and investment scheme introduced by the Dubai International Financial Centre (DIFC).
- Digital NomadSomeone who performs their occupation entirely over the internet while traveling.
E
- Employment StatusRefers to the status an employee has with an employer. Are they a contractor, or an employee?
- EOREOR stands for Employer of Record.
- EOR and PEOStand for employer of record and professional employer organization.
- Exit InterviewAn exit interview is a meeting with an employee who is about to leave, or has recently left.
F
- Form 1099A 1099 is another IRS form, most commonly used by employers when they hire contractors.
- FreelancerFreelancer, or freelance worker, are terms commonly used for a person who is self-employed.
- Full Time EmployeeWorkers with a minimum number of hours defined as such by the employment standard.
- FXThe FX stands for Foreign Exchange (FX) Market.
G
H
- Health InsuranceAllows individuals to receive medical, dental, vision, and other medically-related care.
- HRISAn HRIS is a Human Resources Information System or Human Capital Management system.
- Hybrid OrganizationA Hybrid Organization is one that adopts both remote and in-office working arrangements.
I
L
M
N
O
- Off BoardingOff-boarding is the process that leads to the formal separation between an employee and a company.
- Off Cycle Payment"Off cycles", occur when payments are processed outside of the regular payroll cycle.
- On BoardingOnboarding refers to the process of integrating new employees into an organization.
P
- Parental LeaveAn employee benefit that provides job-protected leave from employment to care for a child.
- Part Time EmployeeA part-time job is a form of employment that carries fewer hours per week.
- Payment CycleA payment cycle refers to the interval of time from the end of one payment date to the next.
- Payroll TaxesPayroll taxes are mandatory contributions that employers and employees must pay to the government based on wages or salaries.
- PayslipA pay slip is an official document provided by an employer to an employee, detailing the employee's earnings and deductions for a specific pay period.
- Per DiemPer diem is a Latin word that means by (per) the day (diem).
- Performance ReviewA formal assessment in which a manager evaluates an employee’s work performance.
- PTOPTO is a benefit that allows employees to take time away from work while still receiving their regular pay.
R
- RelocationRelocation refers to the process of moving an employee from one geographical location to another, typically to support business needs.
- Remote First OrganizationA remote-first organization is a company that prioritizes remote work as the default work model.
- Remote HiringProcess whereby all interviews are conducted not in person, but rather over platforms such as zoom.
- Remote WorkRemote work refers to a working arrangement where employees do not have to report to a traditional office space
S
- Statutory CostsStatutory costs refer to the expenses that a business is legally required to pay under national or regional laws and regulations.
- SWIFTSWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication.
- Synchronous CommunicationSynchronous communications is that which takes place in real-time between two or more parties.
T
- Tax CollectionTax collection refers to the process by which governments collect taxes from individuals and businesses to fund public services and infrastructure.
- Tax DeductionTax deductions are amounts you can subtract directly from your income.
- Tax FilingTax filing is the process of submitting required financial documents and information to tax authorities.
U
W
- W-8BENIRS form that tells the US government that the individual is not a US resident.
- W2A W2 is a tax form used in the United States to report an employee’s annual wages and the taxes withheld from their paycheck.
- W9W9 is a tax form used in the United States by businesses to request the taxpayer identification number (TIN) of individuals or entities they pay.
- WageA wage is a fixed payment for services rendered.
- Work PermitA work permit is an official document giving a foreigner permission to take a job in a country.
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