HR
13 terms with concise definitions
ESI (Employees’ State Insurance)
TermSocial security scheme providing medical and cash benefits to employees.
Employer Contribution
TermEmployer’s statutory payment toward employee welfare schemes like PF/ESI.
Gratuity
TermStatutory benefit paid to employees on long service tenure.
HR Compliance
TermAdherence to labor laws, payroll rules, and employee policies.
Human Resource Accounting
TermMeasuring and reporting the value of an organization’s people.
Key Result Area (KRA)
TermSpecific outcome for which a role is accountable.
Knowledge Transfer
TermProcess of sharing critical knowledge between teams or employees.
Leave Encashment
TermPayment for unused leave days at the time of exit or year-end.
Minimum Wages
TermStatutory minimum pay rate employers must provide.
Onboarding
TermProcess of integrating new employees or vendors into operations.
Payroll
TermProcess of calculating and paying employee salaries and deductions.
UAN
TermUniversal Account Number for EPF members to track provident fund.
Wage Register
TermRecord of employee wages, deductions, and payments.