Flashcards - PHRi Certification: Employee Compensation & Benefits

Flashcards - PHRi Certification: Employee Compensation & Benefits
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overtime pay
Overtime is the amount of time someone works beyond normal working hours
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compensation and benefits package
Compensation and benefits is a sub-discipline of human resources, focused on employee compensation and benefits policy-making
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probationary periods of employment
In a workplace setting, probation is a status given to new employees of a company or business
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independent contractor
An independent contractor is a natural person, business, or corporation that provides goods or services to another entity under terms specified in a contract or within a verbal agreement
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9 cards in set
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independent contractor
An independent contractor is a natural person, business, or corporation that provides goods or services to another entity under terms specified in a contract or within a verbal agreement
probationary periods of employment
In a workplace setting, probation is a status given to new employees of a company or business
compensation and benefits package
Compensation and benefits is a sub-discipline of human resources, focused on employee compensation and benefits policy-making
overtime pay
Overtime is the amount of time someone works beyond normal working hours
employee retention
Employee retention refers to the ability of an organization to retain its employees
Salary Survey
A salary survey is a tool specifically for remuneration specialists and managers to define a fair and competitive salary for the employees of a company
Piece rates
Piece work is any type of employment in which a worker is paid a fixed piece rate for each unit produced or action performed regardless of time
leave of absence
A leave of absence is a period of time that one must be away from one's primary job, while maintaining the status of employee
premium
Premiums are promotional items - toys, collectables, souvenirs and household products - that are linked to a product, and often require box tops, tokens or proofs of purchase to acquire

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