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Business, Management, Human Resources Dictionary: P

Find business, management and human resources terminology - the terms that begin with P in the glossary.

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Paid Sick Days Policy
Paid sick days are time off from work that an organization voluntarily provides employees as a benefit. The number of paid sick days is often accrued by employees based on years of service to the organization and the level of their position. Other companies, however, keep paid sick days simple - every employee receives the same number of paid sick days.
Paid Time Off Policy
Definition of the paid time off approach to employee vacation, sick days, and personal days for the human resources glossary of human resources related terms. Paid time off has advantages and disadvantages that are explored in this definition of paid time off.
Paid Vacation Days Policy
Paid vacation days are time off work an organization provides employees as a benefit. The number of paid vacation days is generally accrued by employees based on years of service to the organization.
Performance Management: Definition for the Human Resources Glossary
Progressive discipline is a process for dealing with job-related behavior that does not meet expected and communicated performance standards.
Personnel File Access Policy
All employees, former employees, and representatives of employees may view certain documents from their personnel file with advance notice to Human Resources staff. Documents that relate to the employee's qualifications for hire may be viewed. Documents that may not be reviewed are also described.
Personnel File Policy Sample
The Company maintains three employee files for each employee. The files maintained include the personnel file, the payroll file, and the medical records file. Employees may access their personnel file by contacting Human Resources staff. See more about personnel files in this sample personnel file policy.
Profit Sharing
Profit sharing is an example of a variable pay plan. Profit sharing is taking a percentage of a company’s annual profits and then dividing the pool of money generated across all employees using a formula for distribution. Profit sharing payments are only made if the company has been profitable for the time period specified. Find out more about profit sharing.
Progressive Discipline
Progressive discipline is a process for dealing with job-related behavior that does not meet expected and communicated performance standards.
Project Management
According to the American Society for Quality (ASQ), project management is, "The application of knowledge, skills, tools and techniques to a broad range of activities to meet the requirements of the particular project."
Promotion
The advancement of an employee from one position to another position that has a higher salary range maximum is called a promotion.

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