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Rest Periods
Last Updated: July 14, 2025Rest Periods are short, paid breaks during the workday, mandated by law in some regions (e.g., 10 minutes per 4 hours in California), to promote employee well-being.
Public Holiday
Last Updated: July 14, 2025A Public Holiday is an officially recognized day of rest or celebration, often with paid time off for employees, determined by national or state governments.
Psychometric Test
Last Updated: July 14, 2025A Psychometric Test is an assessment used in hiring or development to evaluate a candidate’s personality, aptitude, or skills, aiding in fit and potential analysis.
Prorate
Last Updated: July 14, 2025To Prorate is to adjust an employee’s pay, benefits, or leave proportionally based on their partial work period, such as during hiring or termination.
Proof of Insurance
Last Updated: July 14, 2025Proof of Insurance is documentation verifying an employee’s or company’s insurance coverage, such as health or workers’ compensation, often required for compliance.
Profit and Loss Statement
Last Updated: July 14, 2025A Profit and Loss Statement is a financial document summarizing a company’s revenues, expenses, and profit or loss over a specific period, aiding HR planning.
Professional References
Last Updated: July 14, 2025Professional References are individuals, such as former supervisors, who can vouch for a candidate’s skills and work ethic during the hiring process.
Professional Employer Organization (PEO)
Last Updated: July 14, 2025A Professional Employer Organization (PEO) is a third-party service that acts as a co-employer, handling HR tasks like payroll and benefits for small to mid-sized businesses.
Probation Period
Last Updated: July 14, 2025A Probation Period is an initial employment phase, typically 3-6 months, to assess a new hire’s performance and fit before confirming permanent status.
Prevailing Wages
Last Updated: July 14, 2025Prevailing Wages are the hourly rates paid to workers in specific regions or industries, set by government standards (e.g., Davis-Bacon Act), often for public projects.
Preferred Provider Organization
Last Updated: July 14, 2025A Preferred Provider Organization (PPO) is a type of health insurance plan that offers a network of preferred doctors, allowing out-of-network care with higher costs.
Pre-tax Deduction
Last Updated: July 14, 2025A Pre-tax Deduction is an amount subtracted from an employee’s gross pay before taxes are calculated, reducing taxable income, such as for health insurance or retirement plans.
PoSH (Prevention of Sexual Harassment)
Last Updated: July 14, 2025PoSH (Prevention of Sexual Harassment) refers to policies and laws, like India’s Sexual Harassment of Women at Workplace Act, 2013, aimed at preventing and addressing workplace harassment.
PIP (Performance Improvement Plan)
Last Updated: July 14, 2025A PIP (Performance Improvement Plan) is a structured program to help underperforming employees improve through specific goals, timelines, and support, often a precursor to termination.
Pink Slip
Last Updated: July 14, 2025A Pink Slip is an informal term for a notice of termination, historically a pink-colored document, indicating an employee’s job has been ended by the employer.
PF (Provident Fund)
Last Updated: July 14, 2025A Provident Fund (PF) is a retirement savings scheme, common in countries like India, where employees and employers contribute a percentage of salary for future benefits.
Personnel Management
Last Updated: July 14, 2025Personnel Management is the traditional HR function focused on administrative tasks like hiring, payroll, and record-keeping, contrasting with strategic people operations.
Personal Protective Equipment (PPE)
Last Updated: July 14, 2025Personal Protective Equipment (PPE) includes items like helmets or gloves provided to employees to protect against workplace hazards, mandated by OSHA standards.
Personal Income Tax (PIT)
Last Updated: July 14, 2025Personal Income Tax (PIT) is a tax levied on an individual’s earnings, including wages and bonuses, calculated based on income brackets and filed annually with the IRS.
Performance Review
Last Updated: July 14, 2025A Performance Review is a formal assessment of an employee’s work over a period, involving feedback from managers and sometimes peers, to evaluate and plan development.
Performance Management
Last Updated: July 14, 2025Performance Management is an ongoing process of setting goals, monitoring progress, and providing feedback to optimize employee performance and organizational success.
Performance Improvement Plan
Last Updated: July 14, 2025A Performance Improvement Plan (PIP) is a structured program to help underperforming employees improve their work through specific goals, timelines, and support.
Performance Appraisal
Last Updated: July 14, 2025Performance Appraisal is a formal evaluation of an employee’s work performance, conducted periodically by managers to provide feedback and set goals.
Per Diem
Last Updated: July 14, 2025Per Diem is a daily allowance provided to employees for expenses like meals and lodging during business travel, set by company policy or government rates.
People Operations
Last Updated: July 14, 2025People Operations is a modern HR approach focusing on employee experience, culture, and strategic workforce management, often replacing traditional HR terminology.
Peer-to-Peer Recognition
Last Updated: July 14, 2025Peer-to-Peer Recognition is a program where employees acknowledge and reward each other’s contributions, fostering a positive culture and boosting morale.
PCORI Fees
Last Updated: July 14, 2025PCORI Fees are annual fees imposed on health insurance plans and self-insured health plans under the Affordable Care Act to fund the Patient-Centered Outcomes Research Institute, calculated per covered life.
Payroll Tax Rates
Last Updated: July 14, 2025Payroll Tax Rates are the percentages applied to employee wages for taxes like Social Security and Medicare, set by federal and state governments, affecting net pay.
Payroll Software
Last Updated: July 14, 2025Payroll Software is a digital tool that automates payroll tasks, such as calculating wages, managing deductions, and generating reports, enhancing efficiency and accuracy.
Payroll Service
Last Updated: July 14, 2025A Payroll Service is an external provider that handles an organization’s payroll processing, including calculations, tax filings, and payment distribution, to reduce workload.
Payroll Security
Last Updated: July 14, 2025Payroll Security involves measures to protect payroll data and processes from unauthorized access, fraud, or breaches, ensuring employee and company confidentiality.
Payroll Register
Last Updated: July 14, 2025A Payroll Register is a detailed record of all employees’ earnings, deductions, and net pay for a pay period, used for accounting and auditing purposes.
Payroll Liabilities
Last Updated: July 14, 2025Payroll Liabilities are the financial obligations an employer owes due to payroll, including withheld employee taxes, employer contributions, and benefits, until paid to authorities.
Payroll Deduction
Last Updated: July 14, 2025Payroll Deduction is the amount withheld from an employee’s gross pay for taxes, benefits, or other obligations, such as health insurance or retirement contributions.
Payroll Activities
Last Updated: July 14, 2025Payroll Activities are the tasks involved in processing employee payments, including time tracking, wage calculation, tax filing, and issuing paychecks or direct deposits.
Payroll
Last Updated: July 14, 2025Payroll is the process of managing employee compensation, including calculating wages, withholding taxes, and distributing payments, handled by HR or a dedicated team.
Pay Stub
Last Updated: July 14, 2025A Pay Stub is a detailed breakdown of an employee’s paycheck, showing gross pay, deductions (e.g., taxes), and net pay, typically provided with each payment.
Pay Slip
Last Updated: July 14, 2025A Pay Slip is a document provided to employees detailing their earnings, deductions, and net pay for a specific pay period, serving as a record of compensation.
Pay Period
Last Updated: July 11, 2025A Pay Period is the recurring timeframe (e.g., weekly, biweekly) over which an employee’s work is tracked and paid, determining the frequency of payroll.
Pay Group
Last Updated: July 11, 2025A Pay Group is a category of employees with similar pay structures, schedules, or benefits, used to streamline payroll processing and ensure consistency.
Pay Calculation
Last Updated: July 11, 2025Pay Calculation is the process of determining an employee’s earnings based on hours worked, salary, bonuses, and deductions, ensuring accuracy in payroll.
Passive Candidate
Last Updated: July 11, 2025A Passive Candidate is an individual not actively seeking a job but open to opportunities, often identified through networking or headhunting by recruiters.
Partial Pay
Last Updated: July 11, 2025Partial Pay is a payment to an employee for a portion of their usual wages, often during reduced hours, training, or transitional periods, per company agreement.
Part-time Work
Last Updated: July 11, 2025Part-time Work refers to employment involving fewer hours than a standard full-time schedule, offering flexibility for both employees and employers across various industries.
Part-Time Hours
Last Updated: July 11, 2025Part-Time Hours are the weekly work hours designated as less than full-time, typically 1-34 hours, depending on company policy or legal definitions like the ACA.
Part-Time Employment
Last Updated: July 11, 2025Part-Time Employment is a work arrangement where employees work fewer hours than full-time (typically less than 35-40 hours/week), offering flexibility but often fewer benefits.
Parental Leave
Last Updated: July 11, 2025Parental Leave is a period of absence granted to employees for the birth or adoption of a child, available to both parents, often unpaid under FMLA or paid per company policy.
Panel Interview
Last Updated: July 11, 2025A Panel Interview is a job interview where multiple interviewers, such as HR and managers, assess a candidate simultaneously, providing diverse perspectives on their fit.
Paid Time Off (PTO)
Last Updated: July 11, 2025Paid Time Off (PTO) is a policy allowing employees to take paid leave for vacation, sick days, or personal reasons, combining various leave types into a single bank.
P and L Statement
Last Updated: July 11, 2025A P and L Statement (Profit and Loss Statement) is a financial report that summarizes a company’s revenues, costs, and expenses over a period, aiding HR in budgeting and staffing decisions.