Business, Management, Human Resources Dictionary: P

Benefits are a form of compensation paid by employers to employees over and above the amount of pay specified as a base salary or hourly rate of pay. Benefits are a portion of a total compensation package for employees. A comprehensive, common set of benefits includes the following components.

Paid personal days are time off from work that an organization voluntarily provides employees as a benefit. The number of paid personal 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 personal days simple - every employee receives the same...

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...

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.

Want to know more about paid vacation days? Paid vacation days are time off work provided to employees as a benefit. Paid vacation days are generally accrued by employees based on years of service to the organization.

The Fair Labor Standards Act (FLSA) does not define what constitutes a part time employee. What is counted as a part time employee is generally defined by the employer by policy. The definition of a part time employee is generally published in the employee handbook.

A paycheck is a check issued by an employer in order to satisfy the compensation commitment the employer has with the employee. The paycheck is most frequently issued by the employer, every two weeks, but some employers issue the paycheck weekly or monthly. The average employee receives 26 paychecks a year.

Pay grade is a step within a compensation system that defines the amount of pay an employee will receive. Pay grade is generally defined by the level of the responsibilities performed within the job description of the position and the length of time the employee has performed the job. Occasionally, the horizontal axis is related to the...

A pay raise is an increase in the amount of hourly pay or salary that an employee receives for work performed in an organization. Find out more about receiving a pay raise and what is entailed in an employee raise in pay.

Payroll deductions allow an employer to withhold employee owed Federal, state, local, and FICA taxes from an employee's paycheck. But, payroll deductions can be used for so much more, from philanthropy to paying for a portion of benefits. Learn more about how to use payroll deductions.

The employee payroll file is the repository for everything that has to do with an employee's pay check. The main reason to create a payroll file is to limit access to other employee confidential information. The payroll file enables accounting staff to pay the employee without accessing employee confidential information. Accounting staff can...

Interested in knowing about payroll taxes? What they are and how employers calculate and pay payroll taxes are covered in this resource. Find out what you need to know about payroll taxes.

In the conventional performance appraisal or review process, the manager annually writes his opinions of the performance of a reporting staff member on a document supplied by the HR department. In some organizations, the staff member is asked to fill out a self-review to share with the supervisor. The supervisor then share the performance appraisal with the employee and it's all down hill from there...

Are you looking for the process that provides the heart of your performance management system? You've found it. The Performance Development Planning (PDP) process enables you and the people who report to you to identify their personal and business goals that are most significant to your organization's success.

The Performance Improvement Plan (PIP) is designed to facilitate constructive discussion between a staff member and his or her supervisor and to clarify the work performance to be improved.

Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities. The goal of performance is to achieve the company mission and vision. Almost no one performs, for the organization, however, if his or her own mission and vision are not accomplished as well....

Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities. Performance management is a whole work system that begins when a job is defined as needed. It ends when an employee leaves your organization.

Perks are employee benefits, usually in addition to salary and standard employee benefits. The word, perk or perks, is a short form of the word perquisite which means incentives, bonuses, extras, or sweeteners. In use in business, the term perks has come to mean... Find out more about perks.

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.

An employee personnel file is an employers’ saved documentation of the history and status of the entire employment relationship with an individual employee. The employer maintains this employment documentation in a personnel file for three reasons. Multiple personnel files are maintained for each employee. Find out more about employee personnel...

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.

An employee personnel file is an employers’ saved documentation of the history and status of the entire employment relationship with an individual employee. The employer maintains this employment documentation in a personnel file for three reasons. Multiple personnel files are maintained for each employee. Find out more about employee personnel...

Personnel management refers to the functions that Human Resources staff perform relative to the organization's employees. Personnel management is an older term that is falling into disuse in modern organizations. Find out more about personnel management.

Phased retirement or being semi retired occurs when an employee reduces his or her hours of employment. The semi retired employee may work part time. The employee who opts for phased retirement gradually reduces the hours that he or she works over time. Find out more about semi retired or phased retirement as retirement options.

A phone interview allows you to call your most promising job applicants prior to bringing them in for a job interview in your organization. The phone interview allows you to screen the applicant's skills, knowledge, experience, and salary expectations before you invest company time in onsite interviews. The phone interview saves company time,...

The president is the leader of a business, organization, agency, institution, union, university, government, or branch of government. President is also a title used to designate the leader of portions or divisions of organizations that report to an overall organization, such as an acquired company that now is a subsidiary of a larger corporation.

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 is a process for dealing with job-related behavior that does not meet expected and communicated performance standards.

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."

The advancement of an employee from one position to another position that has a higher salary range maximum is called a promotion.