Salary refers to the fixed compensation paid to an employee by an employer, typically on a monthly or annual basis. It is a key component of the overall compensation package and is determined based on factors such as the employee’s role, experience, qualifications, industry standards, and geographic location. Salary negotiations occur during the hiring process […]

Salary banding is a human resources practice used to structure employee compensation within defined ranges. This approach helps organizations maintain equity and consistency in pay structures while accommodating varying levels of experience, responsibility, and performance. Salary bands are typically established by grouping roles with similar duties and qualifications into tiers, each with a minimum, midpoint, […]

Salary benchmarking is the process of comparing an organization’s compensation packages with those offered by similar companies in the industry. This practice helps organizations ensure their salaries and benefits are competitive and aligned with industry standards. By conducting salary benchmarking, businesses can attract and retain top talent, reduce turnover, and maintain equitable pay structures within […]

Salary negotiation is the process through which employees and job candidates discuss and agree on their compensation packages, including base salary, bonuses, and benefits. This process typically occurs during job offers or performance reviews, and involves evaluating the candidate’s qualifications, industry standards, and the company’s budget. Effective salary negotiation requires preparation, clear communication, and a […]

Screening is the process of evaluating candidates’ qualifications and suitability for a job, typically conducted early in the recruitment process. It involves reviewing resumes, cover letters, and application forms to identify candidates who meet the minimum requirements for the position. Screening may also include initial phone or video interviews, skills assessments, and background checks. The […]

Seasonal employment refers to temporary work opportunities that occur during specific times of the year, typically corresponding to seasonal fluctuations in demand or production within industries such as retail, tourism, agriculture, and hospitality. Employers hire seasonal employees to manage increased workload, capitalize on peak seasons, or address short-term staffing needs without committing to permanent hires. […]

Secondment is the temporary transfer of an employee to another job or department within the same organization or to a different organization altogether. This arrangement is often used for employee development, knowledge transfer, or project-based work. Secondments can provide employees with new experiences, broaden their skill sets, and offer fresh perspectives on their work. For […]

Self-assessment is the process of evaluating one’s own skills, abilities, and performance. This introspective method helps individuals gain insight into their strengths, weaknesses, and areas for improvement. By reflecting on personal achievements and challenges, one can set more accurate goals and develop strategies to enhance overall performance. For instance, an employee might use self-assessment to […]

A severance package, also known as a separation package or severance agreement, is a compensation and benefits package provided to an employee upon termination of employment, typically due to reasons such as layoffs, downsizing, company restructuring, or job elimination. Severance packages are designed to mitigate the financial impact of job loss and provide support to […]

Severance pay is a financial compensation provided by an employer to an employee who is being terminated from their job, typically through no fault of their own. This type of pay is often given to employees who are laid off due to company downsizing, restructuring, or other economic reasons. Severance pay can help ease the […]