HR & Payroll Glossary

The HR & Payroll Glossary

HR and payroll come with a language all their own. Whether you're new to PEOs or just need a quick refresher, find clear, simple definitions for the terms that matter.

# | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |

#

I

Illinois Secure Choice

Indemnification Agreement

Independent Contractor vs. Employee

R

Recruitment Marketing

Retroactive Pay Adjustment

A

Accountable Plan

Additional Insured Endorsement

J

Job Hazard Analysis (JHA)

S

Safe Harbor 401(k) Plan

Safety Committee

Salary vs. Hourly Pay

Schedule B (Form 941)

Section 125 Plan

Self-Employment Taxes

Severance Agreement

Severance Package

Shift Differential

Short-Term Disability Insurance

Skills Gap Analysis

State Unemployment Insurance (SUI) Tax

SUTA (State Unemployment Tax Act)

B

Bereavement Leave

Biometric Time Clock

Bona Fide Occupational Qualification (BFOQ)

BOP Insurance (Business Owner's Policy)

K

T

Third-Party Administrator (TPA)

Time and a Half

C

Certificate of Coverage

Certified Payroll

Cognitive Ability Test

Colorado SecureSavings

Compensatory Time (Comp Time)

Contingent Workforce

Controlled Group

L

Lifestyle Spending Account (LSA)

Litigation Hold

Long-Term Disability Insurance (LTD)

Loss Run Report

U

D

DCAP (Dependent Care Assistance Program)

Double Time Pay

M

Massachusetts PFML

MEWA (Multiple Employer Welfare Arrangement)

Minimum Essential Coverage (MEC)

Missing Tooth Clause

Multiple Jobs Worksheet (Form W-4)

V

VTO (Voluntary Time Off)

E

EFTPS (Electronic Federal Tax Payment System)

Embedded Deductible

Employee Assistance Program (EAP)

Employee Benefits Package

Employee Life Cycle

Employee Net Promoter Score (eNPS)

Employee Retention Tax Credit (ERTC)

Employer Payroll Taxes

EPL Insurance (Employment Practices Liability)

Exclusive Provider Organization (EPO)

Exempt Employee

Exempt vs. Non-Exempt Employees

Experience Modification Rate (EMR)

N

National Minimum Wage

Nonexempt Employee

W

Work Authorization

Writ of Garnishment

O

Older Workers Benefit Protection Act (OWBPA)

OTE Compensation

OTE (On-Target Earnings)

Overtime Premium

X

xAPI (Experience API)

G

Grievance Procedure

Y

H

HR Business Partner (HRBP)

Q

QLE (Qualifying Life Event)

Z

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