What is a 90-day review? A 90-day review is an appraisal that managers and HR professionals conduct 90 days after hiring a new employee or transferring an existing worker to a different position. A 90-day review’s main objective is to gauge an employee’s overall performance and goal progress, as well as evaluate your onboarding and…
What is seasonal employment? Seasonal employment is a temporary form of employment where an organization or company hires workers on a short-term basis. An organization can hire people temporarily to meet growing labor needs, especially during seasons of peak business demand. Seasonal employment is common in businesses that experience peak periods of busyness, such as…
What is employment status? Employment status is a general term that describes the relationship between an employee and an employer. However, the term can also have a more detailed meaning depending on which country you’re referring to. Generally, employment status lays out the factors that define the type of employee, their rights and protections, and…
What is gross misconduct? Gross misconduct refers to employee actions that employers consider unethical, unprofessional, and short of company standards. What that means in practice varies from one employer to another, depending on a company’s list of gross offenses. However, all employers view gross misconduct as acts that warrant immediate termination of employee contracts. Also…
What is an operating budget? An operating budget is a comprehensive estimate of an organization, company, or institution’s revenue and expenses over a specified period of time. This budget is usually prepared in advance as a goal or a plan of what to expect during the specified reporting period. Operating budgets help companies and organizations…
What is bereavement leave? Bereavement leave, also known as compassionate leave, refers to the policy that allows employees to take a few days off following the death of a loved one. Usually, a family member or a close friend must have passed away before the policy can be claimed. Another company considers the severe illness…