Difference Between KRA and KPI (with Examples) – Clovehrms
In today's business world, understanding how to measure performance is very important for achieving success. Two key terms you often hear in performance management discussions are KRA (Key Result Area) and KPI (Key Performance Indicator). While they may seem similar at first, they
What is a Flexible Benefits Plan (FBP) in Salary?
In the salary of an employee, not everything is paid for the work he/she does. There are many components that are offered beyond the basic salary they get for the work they do. Some of these components lie under the flexi benefits plan.
Difference between a Mandatory and a Flexi Holiday – CloveHRMS
In the corporate world, leave and holidays are very important. They ensure that my employees aren't getting tired from working every day. However, the nature of leave and holidays differs from one another. While leave can be taken on almost any day, the
EVP Full Form and Meaning | What is Employee Value Proposition?
The salary and CTC are two different terms which are often used interchangeably. However, the CTC is the cost to the company which also includes the other benefits apart from salary. However, there are some benefits which are offered to employees but are
Full and Final Settlement (FnF) | A Definitive Guide (2024)
An employee who joins an organization one day has to leave. There are many ways an employee can take an exit or has to take an exit, such as retirement, resignation, or termination. In any case, when an employee leaves, a settlement has
Role of Education in Human Resource Development of the Company
A company is not only about producing a good or providing a service, as there's a lot more that goes into the back end. When you run a company and scale it, you get to know about many components that are crucial to
What is the Probation Period? Meaning, Benefits with Rules
Hiring employees is a really tricky part of running an organization, and almost every organization agrees with this statement. And why not? Someone will agree because there's an absence of an infrastructure where you can test an employee so comprehensively that nothing gets
Salary Structures in India : All you need to know – Clovehrms
As an employee, you must know what your salary is to plan your monthly budget, plan taxes, and many more. However, knowing your salary is not a very simple task, as many people don't know what a salary actually is. Yes, while you