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 is a salary adjustment? A salary adjustment refers to a change in an employee’s base pay. This adjustment can either be an increase or a decrease, but it is most commonly associated with an increase. Pay adjustments can result from numerous circumstances, including promotions, market rate adjustments, cost-of-living increases, and more. Salary adjustment vs.…
Relocation bonus meaning A relocation bonus is a financial incentive employers offer to help cover the expenses employees incur when moving to a new work location. Employers typically provide this type of bonus when they transfer a current employee to a different location or when they hire a new employee from another city, state, or…
What is a market adjustment raise? A market adjustment raise is a salary increase based on industry-wide compensation levels, aiming to match the pay rates of other companies in the industry. Organizations typically provide a market rate adjustment so that salaries are competitive to attract and retain talent. For example, a UX designer may receive…
What are compensable factors? Compensable factors are criteria used to evaluate and determine the salary for a job within an organization. They help create a fair and equitable pay structure by assessing a job’s value compared to others. Key compensable factors include: Compensable factors examples According to the U.S. Department of Labor, the Equal Pay Act…
What is a home office stipend? A home office stipend is an allowance or reimbursement grant by an employer to cover the expenses associated with setting up and maintaining a home office. Also known as a work-from-home or remote work stipend, this money is intended to help employees who work remotely (either partially or fully…
What are in-kind benefits? In-kind benefits, also known as benefits in kind (BIK), are non-monetary compensation provided to employees. They are part of an employee’s total compensation package but do not involve direct cash payments. Examples of in-kind benefits include services like health insurance, retirement plans, childcare assistance, and flexible working arrangements. Mandatory vs. voluntary…
What is accrued payroll? Accrued payroll refers to the wages, salaries, bonuses, commissions, and other forms of compensation earned by employees that still need to be paid by the company. This concept is a common aspect of accounting and financial reporting. Why is accrued payroll important? Accrued payroll is essential in accounting and business management…
What is personal leave? Personal leave is a type of extended leave of absence typically reserved for complex situations that require more time off than standard PTO or sick leave can provide. This kind of leave is typically used in circumstances such as long-term personal health issues, extended caregiving for family members, bereavement, or other…
What is a performance bonus? A performance bonus is a financial reward given to employees based on their individual performance, team performance, or the overall performance of the organization. It is typically awarded in addition to regular salary or wages and is intended to incentivize and reward employees for meeting or exceeding specific goals, targets,…
What is on-demand pay? On-demand pay is the ability to request earned pay before a designated pay period. It allows employees to request any pay they have already accrued through work hours, bonuses, and commissions without waiting until their next payday. Most of the time, on-demand pay is provided through an automated platform, so specific…
