What Is a Boomerang Employee? A boomerang employee is someone who leaves their current place of work to return to the very same company at a later date. Why Might an Employee Leave Your Company and Then Want to Return? There are a few reasons why this might happen, including: Maybe they left to try […]
What Is Competency-Based Pay? Most employees are paid by the hour or are salaried, but there are other ways that you can be paid. One of the most interesting ways is competency-based pay. Competency-based pay is an entirely different kind of pay structure, based on the employee’s skill set, the knowledge that they have, and […]
What Is Employee Benefits Administration? Employee benefits administration refers to how the benefits for a business’s employees are decided, administered, and managed. These benefits usually include (but are not limited to): Vacation time – paid and unpaid Sick leave Parental leave Dental benefits Health benefits Disability benefits Retirement benefits The human resources department usually coordinates […]
What Is the Dual Labor Market? The dual labor market is a concept that splits the American economy into two distinct categories: the primary sector and secondary sector. In the primary sector, the workers typically have: Good jobs Solid and well-defined job roles Job security The potential for promotions Safe and clean working conditions On […]
What Are Disposable Earnings? Every employee has tax and payment obligations that they have to meet. After these have been met, employees are left with earnings that can be spent – or invested – in any way that the employee decides. This part of your earnings is referred to as disposable earnings. It’s worth noting […]
What Does Redundant Mean? Redundant – or redundancy – is when a business or employer has to reduce their workforce because some jobs or roles are no longer required. It’s worth noting that if you lose your job because it’s considered redundant, but the position is filled by someone else, this is not a redundancy. […]
What Is a Leave Request? A leave request or PTO (paid time off) is the process that a company puts in place for an employee to request paid time off work. There are many reasons why an employee may put in a leave request – here are some of the most common ones: Health reasons […]
What Is Micromanaging? Micromanaging – or micromanagement – is a type of management style that often has a negative connotation. Micromanaging refers to a situation where a manager or superior very closely supervises (and/or controls) what an employee does, how they do it, and when they do it. Managers who adopt this style often have […]
What Is a Split Shift? Put simply, a split shift refers to when a worker decides to work a certain number of hours in two different shifts on the same day. By contrast, most employees will work one shift in a day and take an assigned number of breaks. Split shifts tend to be most […]
What Is a Pay Period? A pay period is a defined amount of time over which an employee is paid. This is a recurring amount of time and generally falls into one of these four time periods: Monthly Bi-monthly Weekly Bi-weekly Pay period can also be referred to by several other terms, including payroll schedule, […]
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