Absence Management, also known as Attendance Management, is a strategic approach that businesses adopt to reduce and prevent unnecessary employee absenteeism.

Absence Management 

Absence Management Policy is used to decrease the number of absences availed by employees by making the policies and rules regarding absenteeism. If these policies are not formed, then staff absence can lead to increased losses and inefficiency within the organization.

Absence Management Policy

Accessibility refers to the design of products, devices, services, or environments for people with disabilities.

Accessibility

The Actual Deferral Percentage (ADP) is a critical component of American labor laws, specifically in relation to 401(k) retirement plans.

Actual Deferred Percentage (ADP)

The Advance Earned Income Credit (AEIC), known as Advance Earned Income tax, was an initiative put forth by the federal government.

Advanced Earned Income Credit

The Affordable Care Act (ACA), also commonly referred to as Obamacare, is a comprehensive health care reform law enacted in March 2010 in the United States

Affordable Care Act (ACA)

After-tax deductions, or post-tax deductions, refer to the deductions made from an employee&#39;s paycheck after all applicable taxes have been withheld.

After Tax Deduction

An annualized salary refers to the total amount of compensation that a full-time employee is expected to earn over a full year.

Annualized Salary

An annuity is a long term arrangement with an insurance provider that ensures the employee a constant level of income at a later date, usually after retirement.

Annuity

Applicable Large Employer (ALE) is an entity or employer having at least an average of 50 full-time employees including full-time equivalent employees (FTEs) in a calendar year and is liable to offer health insurance to its workers.

Applicable Large Employer

An appointment letter is a formal letter issued by the employer, to a qualifying job candidate after the candidate has passed all the pre-requisite stages of the selection in an organization.

Appointment Letter

Applicant Tracking System (ATS) is used to perform the onboarding﻿ process from start to end. It consists of multiple steps, for instance, posting job vacancies to different job boards and portals, saving the data of job candidates, and screening applications to get the right match for the job position.

Applicant Tracking System

Attrition is the voluntarily or involuntarily exit of an employee for reasons such as retirement, death, resignation, or termination. Also, the attrition rate is the rate at which the employees leave the organization.

Attrition

Automated Clearing House (ACH) is a network used to send and receive funds electronically  through National Automated Clearing House Association

Automated Clearing House (ACH)

In HR and Payroll, awards and prizes refer to monetary and non monetary benefits given to employees. The amount of tax owed is determined by the value of the award or prize and other factors.

Awards and Prizes

Baby Boomers refer to a group of people who were born after World War II between 1946 and 1964.

Baby Boomers

Back pay is the rectification of wrong done, if any, in terms of any unrewarded or unpaid work of an employee and the employer has to pay it back to the worker.

Back Pay

Backfill position refers to a vacancy created when an employee transitions roles, takes extended leave, exits, or shifts responsibilities, not new role creation

Backfill Position

Basic salary or base pay refers to the amount of money that an employee receives from their employer before any extras are added or taken off

Basic Salary Meaning

Before-tax deductions or Pre-tax deductions refer to the amounts deducted from an employee&#39;s gross income before taxes are calculated.

Before Tax Deduction

Benefits Administration is one of the roles of the human resource department to create and manage benefits packages for its employees. Benefits can be internal, such as discounts or free company goods and services, or external benefits like health insurance, house insurance, and fitness plans.

Benefits Administration

Bereavement Leave or Time off is a provision given to employees when they experience the unfortunate event of a close family member&#39;s passing.

Bereavement Leave

Biweekly pay refers to a pay schedule where employees receive their wages or salary every two weeks typically 26 times a year.

Biweekly Pay

A boomerang employee is an individual who has left an organization voluntarily and later returned to work there again.

Boomerang Employee

Bradford Factor or Bradford Formula is used in Human Resources Management to measure employees&#39; absenteeism.

Bradford Factor

Business Agility refers to the capacity of an organization to adapt swiftly to market changes, innovate, and promptly adjust to emerging opportunities or potential threats.

Business Agility

Business Necessity refers to the compelling and justifiable reasons that organizations may have for making various employment-related decisions.

Business Necessity

A business partnership is a type of business structure where two or more individuals come together to own and manage a business.

Business Partnership

California labor laws are a comprehensive set of legal rules and standards governing the relationship between employers and employees in California.

California Labor Laws

Career plateau refers to a phase in an employee&#39;s professional life where perceived advancement, growth opportunities, or skill enhancement cease to progress.



Career Plateau

California State Disability Insurance (CASDI or CA-SDI) is a program offering short-term wage replacement for eligible workers with non-work-related conditions.

CASDI - California State Disability Insurance

A Certificate of Good Standing, or Certificate of Existence or Status is a state document affirming a business entity&#39;s legal status and credibility

Certificate of Good Standing

The Certified Payroll Professional (CPP) designation is a prestigious certification awarded by the American Payroll Association (APA).



Certified Payroll Professional (CPP)

The IRS released the Agricultural Employer&#39;s Tax Guide. The publication provides employers with guidance and recommendations on farm workers&#39; federal tax obligations, which vary from normal employees (those that use the Circular E﻿).

Circular A

The Internal Revenue Service&#39;s Employer&#39;s Tax Guide. Employers may use the publication for advice and instructions about their federal tax obligations. The simple IRS guidelines for withholding and depositing tax and filing employer tax responsibilities are included.

Circular E

Common-Law Test is a criterion set by the IRS to classify workers as either employees or independent contractors, determining their respective tax implications.

Common Law Test

Compensation is to compensate (financially or otherwise) the employees, workers, or contractors for their use of services by an employer or organization.

Compensation

Compensatory time off or &#39;comp time&#39; allows employees to take time off instead of receiving overtime pay for working over standard hours.

Compensatory Time Off

Competency-based pay rewards skills, knowledge, & behaviors, diverging from traditional models prioritizing job titles or hierarchical positions.

Competency Based Pay

A contingent worker is not the employee but a person hired who is given certain paid task(s) for a particular time tenure of a smaller scope project

Contingent Worker

CP 575, issued by the IRS, is the official notice given to business owners upon creating a new Employer Identification Number (EIN).

CP 575 Letter

Employees from different departments are teamed up together in a team to work on a particular task. It helps to maintain communication across multiple departments as they work on similar issues in an organization.

Cross Functional Teams

Dearness Allowance or DA is the part of the basic salary of the government employees, pensioners, and the public sector unit employees to coup the inflation up.

Dearness Allowance

A deduction is a subtraction of something. An expenditure that an individual or corporation may remove from their gross income on their tax return is deduction.

Deduction

The deferred compensation plan is a crucial term in the world of financial planning and employee benefits.

Deferred Compensation

The Deferred Profit Sharing Plan (DPSP) is a business-driven profit-sharing plan sponsored by employers and this is registered with the Canada Revenue Agency (CRA).


Deferred Profit Sharing Plan - USA

Dependent Care Benefits are non-taxable or tax-deferred benefits provided by an employer to help employees cover the cost of care for their dependents while they work.

Dependent Care Benefits W2

Direct deposit is a digital payment system that transfers funds from one bank account to another without the need for physical checks or cash transactions.

Direct Deposit

Workers who directly report to someone higher than them in the organizational hierarchy or organogram, such as a boss, supervisor, manager, team leader, or project manager, are known as direct reports.

Direct Reports

Disability Leave is a fair adjustment for those employees who are disabled and need an off day from work in order to have treatment, recovery, or evaluation. Thus, they are given paid time off.

Disability Leave

Disciplinary action refers to measures taken by employers to correct or address an employee&#39;s misconduct or unacceptable behavior at work.

Disciplinary Action

Disposable earnings are the portion of an employee&#39;s wages that remains after deductions for federal, state, and local taxes, social security, and garnishments.

Disposable Earnings

A disregarded entity is a business whose income, deductions, and credits are reported on the single owner&#39;s personal tax return.


Disregarded Entity

The Dual Labor Market theory suggests two distinct primary and secondary job markets with varying stability, wages, and conditions.

Dual Labor Market

The duties test established by the Fair Labor Standards Act (FLSA)﻿ differentiates between exempt and non exempt workforces. 

Duties Test

Earned Income Credit (EIC) or The Earned Income Tax Credit (EITC)  is a federal tax credit for low- to moderate-income working individuals and families.

Earned Income Tax Credit

Earnings are the net profit of a company, that is calculated after deduction of expenses. It is usually calculated by the Fiscal year. Public limited companies pay their dividends from their earnings, the remaining amount is the retained earnings or either reinvested in the company.

Earnings

Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners.

Electronic Data Interchange

Electronic Funds Transfer (EFT) is a transaction operated through an online network from one bank account to another electronically without the involvement of the bank’s staff.

Electronic Funds Transfer

Emotional Intelligence (EI) or EQ, refers to an individual&#39;s capacity to recognize, understand, manage, and utilize their emotions and those of others.

Emotional Intelligence

An employee is a person who has been recruited by a company to perform a particular job against compensation. The employer hires the candidate after the recruitment process which determines that he or she is suitable for the position.

Employee

Employee benefits, often referred to as fringe benefits or perks, are non-wage compensations given to employees besides their regular salaries.

Employee Benefits

Employee Benefits Administration is the process of designing, managing, and updating the benefits programs offered to employees by their employers.

Employee Benefits Administration

An employee database is a centralized system that organizes and stores vital data about a company&#39;s employees.

Employee Database

Employee Deduction﻿ is a part of the employee salary which is deducted (subtracted) for benefits as well as other legitimate purposes.

Employee Deductions

Employee empowerment is a strategy that gives employees the tools, resources, authority, and ability to take initiative and solve organizational problems.

Employee Empowerment

Employee engagement in HR refers to the emotional commitment and involvement an employee has toward their organization and its goals.

Employee Engagement In HR

An employee evaluation, also known as a performance review, is a systematic process where employers assess an employee&#39;s job performance over a specified period

Employee Evaluation

An employee handbook, also known as an employee manual, is a document that contains a company&#39;s key policies, procedures, and practices.

Employee Handbook

Employee management or workforce management, refers to strategies for optimizing productivity and retaining talent in companies.

Employee Management

eNPS (Employee Net Promoter Score) is a score to gauge employee loyalty and the likelihood that they would recommend the company as a place to work to others.

Employee Net Promoter Score (eNPS)

Employee onboarding is a process of integrating new hires into a company, involving orientation, training, and acculturation for successful job performance

Employee Onboarding

Employee orientation refers to the familiarization of the new recruits in the Organization. That familiarization consists of the rules, regulations, laws, policies, practices in vogue, ethics standards, team building, organizational mission and vision, and policies’ revision from time to time.

Employee Orientation

Employee Relations is a positive or a constructive relationship between employee and employer or the employee and the organization. This is done through two way communication.

Employee Relations

Employee satisfaction, or job satisfaction, refers to the level of contentment, and positive emotion that an employee experiences in their work environment.

Employee Satisfaction

Employee turnover refers to the number or percentage of workers who leave an organization and are replaced by new employees during a defined period.

Employee Turnover

Employee type refers to the categories of workers that exist within a business or organization.

Employee Type

Employer Identification Number (EIN) is a unique number issued to an organization for tax purposes by the Internal Revenue Service (IRS).

Employer Identification Number

Employers are liable to contribute a portion of payroll taxes which are deducted from the employee’s gross pay which will be then paid to the government, such contributions of payroll taxes are known as Employer Payroll Taxes or Employment Taxes.

Employer Payroll Taxes

Employment at will is a doctrine allowing termination of employment at any time, for any reason, by employer or employee, barring contracts or legal protections.

Employment at Will

An employment contract covers the following mentioned items:
Offer of Appointment with Congratulations note on top
Job Conditions: Filed/office/factory etc. environments

Employment Contract

The word refers to not only the relation between the two parties but at the same time in the US, Employment Status is referred to as the basis for the identification of the contract between the two.

Employment Status

Equal Employment Opportunity (EEO) ensures everyone has equal employment opportunities, regardless of race, color, religion, sex, age, disability, or genetics.

Equal Employment Opportunity

Health insurance providers require health documentation to check good health to provide the insurance. Unlike other insurance providers, who check overall health before providing the insurance, EOI checks on a more specific area of health when it comes to some extra covers required by the clientele or any dependent member is to be added in such coverage.

Evidence Of Insurability

Employees that fulfill specific criteria are deemed exempt, this implies that they are not governed by the Fair Labor Standards Act﻿. In standard conditions, all workers should be compensated at least the federal minimum wage﻿ rule, and all working hours above 40 in one week should be compensated at least one and a half times their basic pay per hour.

Exempt Employee

The difference between Exempt and Non exempt employees is that exempt employees﻿ are not to be paid the overtime. Exempt employees are also not eligible for minimum wage law.

Exempt Vs Nonexempt

The exemption means, exemption from tax or reduces a tax obligation of a company. There are certain requirements to qualify for the tax deduction, it reduces the amount of tax that is to be paid.

Exemption

The Exit interview is a part of the off-boarding﻿ process, which is conducted when an employee leaves the organization.
In the employee exit interview, the HR department should be conducting that, the viewpoints of the leaving employee are taken into account for reputation and improvement purpose(s).

Exit Interview

Fair Labor Standards Act FLSA is a federal law that was passed to protect employee(s) or worker(s) from certain unfair, unethical and unprofessional practices while working for an organization.

Fair Labor Standards Act

Every year, the federal government observes ten paid holidays on which non essential government offices close and workers are given a paid day off. Banks, post offices, and schools, in addition to government departments, do their off too.

Federal Holidays

Federal ID Number or Federal Tax ID Number also known as Employer Identification Number (EIN) issued by the IRS, is a unique nine-digit number for tax purposes.

Federal ID Number

Federal income tax (FIT) is a levy by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Federal Income Tax

The federal income tax﻿ deducted from incomes at the time of sale is known as federal income tax withholding (FITW). Wages and benefits that are subject to federal income tax withholding are often referred to as withheld wages and benefits.

Federal Income Tax Withholding

The sum you will subtract from your federal income taxes for the expenses of driving your vehicles like a van, car, pickup, or panel truck for either charitable activity and medical or transporting movements purposes is known as the federal mileage reimbursement.

Federal Mileage Reimbursement

According to the Fair Labor Standards Act, the federal minimum wage is the lowest wage an employer will pay an hourly worker (FLSA). The federal minimum wage for non exempt jobs in the United States is $7.25 per hour as of July 24, 2009.

Federal Minimum Wage

One of your most important duties as an employer is to deduct taxes from your workers&#39; paychecks. When taxes are withheld, they must be deposited with the IRS in accordance with the IRS&#39;s rules.

Federal Tax Deposit

FICA, or the Federal Insurance Contributions Act, is a payroll tax in the United States that is withheld from employees&#39; paychecks to cover Social Security and Medicare, two federal services that offer coverage to seniors, disabled persons, and families of deceased workers.

FICA

For supplementary incomes, the term &#34;Flat Tax Withholding&#34; applies to a flat federal income tax withholding limit of 27 percent. &#34;Supplemental Wages&#34; is another term for &#34;additional wages&#34;.

Flat Tax Withholding

A Flexible Spending Account, or FSA, is a tax free account that can be used to pay for some out of pocket medical expenses. Through each salary, employees add to their FSA accounts, and they will then provide vouchers for eligible medical bills and request reimbursement from the bank.

Flexible Spending Account

A floating Holiday is a paid time off (PTO) or unpaid time off like extraordinary leave (EOL), depending upon your company policy, that an employee can utilize as a personal day off at any time of the year

Floating Holiday

FLSA Status
According to the Fair Labor Standards Act﻿, an employee&#39;s FLSA status determines if they are excluded or nonexempt (FLSA). Nonexempt workers are entitled to overtime pay after working a certain number of hours, while exempt employees are not eligible for overtime.

Form 1042 S

Form 1042 S

What is Form 1042-S?

Why is Form 1042-S Important?

Who Must File Form 1042-S?

What Types of Income are Reported?

How is Withholding Calculated?

What Should Recipients Do with Form 1042-S?

When is Form 1042-S Due?

Are There Penalties?

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