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Global Employment Glossary

Whether you're part of a small team or an international corporation, it's easy to get lost in the lingo. That's why our team of global employment experts are constantly updating this glossary so you can stay ahead of the game!

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Trending terms

13th Month Pay

The 13th month pay is a mandatory or discretionary bonus equivalent to one month’s salary, typically paid at the end of the year.

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Employee Benefits

Employee benefits are non-wage compensations offered to employees, such as health insurance, paid time off, retirement plans, and wellness programs.

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Employer of Record (EOR)

An Employer of Record (EOR) is a third-party organisation that legally employs workers on behalf of a company.

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Flexible Work

Flexible work refers to arrangements that allow employees to adjust their work hours, location, or schedule.

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Gross Pay

Gross pay is the total amount an employee earns before taxes and other deductions are taken out. It includes wages, overtime, bonuses, and other earnings.

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Net Pay

Net pay is the amount an employee takes home after taxes, benefits, and other deductions have been subtracted from gross pay.

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Payslip

A payslip is a document given to employees that details their earnings and deductions for a specific pay period.

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Professional Employer Organization (PEO)

A Professional Employer Organization (PEO) partners with businesses to provide HR services, such as payroll, benefits administration, and compliance.

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Remote Work

Remote work is a flexible arrangement that allows employees to perform their jobs from a location outside the traditional office.

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