Salary Review

What is a salary review? A salary review is a process where an organization evaluates and potentially adjusts an employee’s salary based on various factors. This process is typically conducted annually or at regular intervals, though it can also occur after a significant event, such as a promotion or a shift in responsibilities. Maintaining a…

Lateral Hiring

Lateral hiring meaning Lateral hiring, also known as lateral recruitment or specialized hiring, is the process of recruiting an employee for a role similar to their current position from outside the organization. Lateral hires usually have the proven experience, skills, and industry knowledge required for the role. Lateral hiring can also happen within a company…

Multiposting

What is multiposting? Multiposting means publishing job ads to multiple job boards and other recruitment channels at the same time. It is usually done using multiposting software or tools. HR professionals use multiposting when they want to increase the reach and visibility of certain job openings. Rather than post job ads on individual job boards,…

Pacesetting Leadership

What is pacesetting leadership? Pacesetting leadership is a results-driven style in which leaders set high performance standards and lead by example. Under this leadership style, teams are expected to match the leader’s behaviors, work ethic, and efforts. Success is measured by how well teams meet ambitious goals and consistently deliver high-quality work. Pacesetting leadership is…

Wages in Lieu of Notice

What 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…

Spot Bonus

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…

Buddy Punching

What is buddy punching? Buddy punching is when an employee clocks in or out for a colleague, making it seem like they are at work when they are not. This practice can take several forms. Some common tactics include clocking in for a colleague who is running late for work or clocking out at the…

Total Compensation

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…

Recruitment Fees

What are recruitment fees? Recruitment fees are the costs associated with using recruitment agencies, headhunters, or other recruitment consultants to find and place qualified candidates for job openings in an organization. These fees can include various services, such as sourcing, screening, performing assessments, and interviewing potential candidates. Depending on an organization’s needs, recruitment fees can…

Employee Induction

What is employee induction? Employee induction is a dedicated process organizations use to welcome new employees and introduce them to their new workplace. This process typically includes activities that familiarize new hires with company culture, organizational structure, and their specific roles and responsibilities. Depending on the organization, an employee induction can last one day to…