Fixed Compensation Meaning | What is fixed Pay?
Do you know there are multiple ways to get paid for work? You may not know about it as in the world of corporate, fixed compensation is mostly used. But many companies use another method called variable compensation which is
CCA Full Form | What is CCA in Salary?
Do you know the CCA's meaning of CCA in salary? If you have guessed that "A" stands for allowance then yes you are right. However, the CCA's full form in Salary is City Compensatory Allowance which is quite different from
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
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
Salary Arrears: Definition, Processing and Payments – CloveHRMS
Salary arrears are payments that a company owes its employees for work that they have already done. They are payments that the company has yet to pay to an employee. Such payments can be due for several reasons. For example,
What is Absconding? | Definition & Meaning
When an employee doesn't feel good in a job, it causes job dissatisfaction, which is problematic. The reason is that in many organizations, it is often looked at as an issue with the employee's salary. So, if an employee tries
Compensatory Off – Understanding The Meaning
Overtime work is a practice that is mostly looked at as a bad practice in an organization. However, overtime is being looked at as a bad practice because many organizations misuse it and don't compensate for it. However, if you
What is an HR Audit? | Meaning & Definition
Human Resources is an integral part of any organization as it plays an important role in running an organization. It is the department that is ultimately responsible for maintaining a healthy relationship between employees and the employer. However, sometimes, inefficiencies in
What is Lateral Recruitment? | Meaning & Process
When there is a need to hire employees in an organization, lateral recruitment is a great way to fill the positions. It is a way that helps the recruiter to fill the positions immediately as well as with compatible employees.
What is Short Leave? | Meaning & Definition
If you work in an organized sector as an employee or run a business, then you must be aware of your right to leave. Two types of leaves are most common: casual leave and sick leave. However, other than these