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 pre-tax deductions? Pre-tax deductions are any amount of money subtracted from an employee’s gross wages before taxes are withheld. Since these deductions are withheld before the wages are taxed, they lower the taxable income and any money an employee might owe to the government. It may also reduce taxes under the Federal Insurance…
FLSA status meaning The Fair Labour Standards Act (FLSA) is the federal regulation for employee working hours and pay standards. It determines the exempt or non-exempt status of jobs and overtime requirements. An employee’s FLSA status describes whether that employee is classified as exempt or non-exempt. What is an exempt employee? An exempt employee is…
What is paid time off (PTO)? Paid time off, commonly abbreviated as PTO, is the time employees take off work while receiving regular payments. It does not include times when the employee is telecommuting or working remotely. Typically, PTO policies will combine personal, sick, and holiday days. Companies structure their paid time off policies depending…
What is holiday pay? Holiday pay is a voluntary benefit or compensation that an employer offers employees during holidays, such as Christmas, Labor Day, or Thanksgiving. Holiday pay can take many forms. For instance, some employers offer fully or partially paid time off during holidays. While some businesses have the luxury of closing during holidays,…
What is net pay? Commonly known as take-home pay, net pay is the income employees receive after employers remove withholdings and payroll deductions from their salary or wage. For instance, if an employee makes $9,000 per month and has $2,000 deducted for benefits and taxes, that worker’s net pay would be $7,000. These deductions can…
What are fringe benefits? Fringe benefits refer to any form of long-term incentives or non-monetary compensation an employer offers employees. Such benefits exclude cash compensation like salaries and bonuses. Fringe benefits can often apply universally to all employees; in other cases, they are specific to a group of staff, especially at the team and executive…
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…
What is overtime (OT)? Overtime is the extra time an employee works out of their typically scheduled work hours. The term is also commonly used to refer to an employer’s remuneration for the extra working hours. Normal working hours are established to create a balance for employees’ health and productivity. There is scientific proof that…
What is base pay? Base pay, also called basic salary or base salary, is a fixed amount that employers pay their employees in exchange for services performed and time spent working on the premises. This pay is agreed on before the start of the employment contract. The compensation is often expressed as an hourly rate,…
What is a floating holiday? A floating holiday is a flexible paid leave option, allowing employees to choose a day off that aligns with their personal, cultural, or religious needs, independent of the standard holiday calendar. Employers usually offer one to two days of floating holidays per year. This adaptable time off is distinct from…
