d

Diversity, Equity, and Inclusion (DEI)

A framework to enhance employee representation and support across a broad spectrum of demographics.

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f

Floating Holiday

A paid day off employees can take any day of the year, at their own discretion

Foreign Subsidiary

A legally separate company controlled by a parent organization in another country.

Full-Time Equivalent (FTE)

A labor metric representing the total hours of all part-time staff in relation to a full-time employee's hours.

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j

Job Costing

The process of calculating the cost of producing a specific product or service.

Joint Employer

An organization that shares a worker's employment with another organization.

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l

Leased Employees

Temporary workers provided by an employee leasing company for a specific timeframe or project.

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r

Reduction in Force (RIF)

The permanent termination of employees from a company, typically as a cost-saving measure.

Regretted Attrition

The loss of high-performing, highly valued employees due to avoidable factors.

Remote Job

A role that performs work outside a physical office, usually via digital collaboration tools.

Rightsizing

Changing an org’s size, structure, and composition to improve efficiency and profitability.

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s

Secondment

Temporary reassignment of an employee to a different role or organization.

Shift Differential

The extra amount added to an employee’s wages for working outside normal business hours.

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u

Unregretted Attrition

The loss of an employee whose exit has neutral or beneficial effects on the organization.

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w

Work From Home (WFH)

A work setup that allows employees to perform their jobs from their homes.

Workweek

A period of seven consecutive 24-hour periods that define the hours an employee is expected to work.

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