It's easy to get lost in the business lingo of HR, payroll, finance, and IT. Let our Workforce & Finance Glossary light the way! Browse by category, alphabetically, or use the search bar.
We regularly update our glossary to keep up with the fast-changing world of work. Bookmark it for quick reference — whether you’re a workforce specialist or building your own business.
A counseling service offered by employers to help employees with personal or work-related problems.
An ACA provision requiring large employers to provide a minimum level of affordable health coverage.
A ranking system representing how likely an employer is to generate insurance claims.
A benefit that provides additional paid leave due to an extended illness or severe injury.
A pre-tax, “use-it-or-lose-it” savings account for covering qualified expenses.
Supplementary compensation that employees receive on top of their normal wages.
A labor metric representing the total hours of all part-time staff in relation to a full-time employee's hours.
A payment to an employee for their accrued, unused paid time off (PTO), typically upon leaving the company.
Time away from work during which employees are still paid their normal wages.
A benefit plan that allows employees to pay their health insurance premiums with pre-tax income.
An employer-sponsored retirement plan that meets all federal law requirements for deferred taxation.
A benefits plan for small employers that uses contributions to reimburse eligible healthcare expenses.
A life change that allows an employee to enroll in or modify benefits outside open enrollment.
Methods for demonstrating a health care plan’s affordability under the Affordable Care Act.
A window outside Open Enrollment to enroll in, change, or renew medical insurance coverage.
A government-run program that gives short-term disability benefits to employees.
A plan document outlining participant and beneficiary rights, benefits, and responsibilities.