AIHR Boot Camps are intensive HR training programs designed to rapidly upskill small cohorts, blending self-paced, specialized content with instructor-led, practical sessions, all guided by a program manager to ensure progress and impact.
Learn moreWhat are wages in lieu of notice? Wages in lieu of notice are the financial payments an employee receives upon termination, which allows them to receive pay instead of having to work during their required notice period. Also known as payment in lieu of notice (PILON), employers may provide this financial compensation when an employee’s…
What is a spot bonus? A spot bonus is a one-time reward given to employees, typically to acknowledge high performance, a specific achievement, or reaching a particular milestone. Also known as a spot award bonus, it can be monetary (cash) or non-monetary (e.g., gift certificates, employee discounts, extra paid time off). Unlike performance bonuses awarded…
What is total compensation? Total compensation refers to the complete package of direct and indirect rewards an employee receives from their employer. It covers direct monetary payments such as base salary, bonuses, and commissions, as well as indirect benefits like health insurance, retirement contributions, and other perks such as subsidized childcare. What does total compensation…
Voluntary time off meaning Voluntary time off (VTO) is a policy that empowers employees to take time off work voluntarily when the company experiences a temporary reduction in workload. Unlike traditional leave policies, which employees initiate for personal reasons (e.g., vacation or sick leave), the employer is the one who promotes VTO based on the…
What is make-up time? Make-up time refers to a workplace arrangement where employees can compensate for hours they missed due to personal reasons by working additional hours at another time. This practice helps employees manage their work-life balance while ensuring employers don’t lose productivity. Make-up time policies are particularly relevant in jurisdictions like California, where…
What is cost to company (CTC)? Cost to company (CTC) is the total compensation package an employer provides to an employee. It includes the annual costs for an employee’s base salary, benefits (e.g., health insurance, retirement contributions), allowances (e.g., transportation, housing, etc.), employer-paid taxes, and other additional forms of compensation provided over the year. The…
What is a discretionary bonus? A discretionary bonus is a type of bonus an employer awards at their sole discretion, without any prior promise or expectation. Unlike non-discretionary bonuses, which are tied to specific performance metrics or contractual obligations, discretionary incentives are given based on an employer’s judgment, often as a reward for exceptional work,…
What is salary midpoint? The salary midpoint, also known as the midpoint of a salary range, represents the middle point of an established salary range for a specific job or position. This midpoint is calculated by taking the sum of the minimum and maximum salaries for a position and dividing it by two. The salary…
What is unpaid time off? Unpaid time off (UTO) refers to time away from work an employee is allowed to take without receiving pay. This type of leave differs from paid time off (PTO), which covers vacation days or paid sick leave, where employees still receive their usual salaries. The decision to grant UTO and…
What is emotional salary? Emotional salary refers to the intangible rewards and benefits that fulfill employees’ emotional and psychological needs, contributing to their overall job satisfaction, wellbeing, and engagement. Recognizing the importance of emotional salary alongside monetary compensation is essential for creating a fulfilling and supportive work environment. This would include recognition, appreciation, flexibility, opportunities…
