HR Glossary

What is Job Classification?  Definition below: Job classification is used to provide a standardization of job descriptions within a company as well as in comparison…

What is Indirect Compensation?  Definition below: Indirect Compensation allows an organization to look more appealing to potential and existing employees. Benefits such as health insurance,…

What is Human Resources Management System (HRMS)?  Definition below: The term Human Resources Management System (HRMS) is often used interchangeably with Human Resources Information System…

What is Human Resources Information System (HRIS)?  Definition below: A HRIS allows HR professionals to easily plan and track costs associated with HR activities.  Human…

What is Human Capital Management (HCM)?  Definition below: Human Capital Management is an essential component of maintaining successful businesses. Through the practices set in place…

What is an HR Business Partner?  Definition below: The goal of the HR business partner is to guide a company towards its overall goals and…

What is a Health Savings Account (HSA)?  Definition below: Money in a Health Savings Account is owned by the employee, and can be invested in…

What is a Health Reimbursement Account (HRA)?  Definition below: This tax-free benefit allows employees to pay for expenses not covered in a health insurance plan,…

What a Health Maintenance Organization (HMO)?  Definition below: Within an HMO, the PCP must give a referral for members who wish to see a specialist.…

What are Gross Wages?  Definition below: The gross wages an employee is owed are generally significantly higher than the take-home (also known as net) pay.…