Labour Laws & Industrial Relations
What is the legal binding agreement that outlines the terms, conditions, and compensation of the working relationship?
Employment Contract
An IT consultant is found working for a direct competitor on their laptop during their 9-to-5 shift at their primary firm. What is the specific name for this controversial practice?
Moonlighting
In a Cafeteria plan, what is the term for the
"employer-provided credits" that employees use to "purchase" specific benefits?
Flex Credits
A measurable indicator used to track success within a KRA is known as what?
KPI
Total maternity leave for first two children (weeks)
26
After three rounds of interviews, a high-potential candidate never hears back from the recruiter despite several follow-up emails. What phenomenon has occurred?
Ghosting
This allowance compensates employees for inflation and rising living costs.
Cost of Living Allowance (COLA)
A performance appraisal error where a manager rates everyone as "average" to avoid conflict.
Central Tendency
What is the term for a payment made to an employee when their employment is ended through "no fault of their own"?
Severance
Metric calculated as total hires divided by total applications received, indicating recruitment efficiency.
Yield Ratio
When an employee's salary is frozen because it is already above the maximum pay range for their grade.
Red-circle
What term did Peter Senge use to describe an organization where people continually expand their capacity to create the results they truly desire and learn how to learn together?
A Learning Organization
Following a massive merger, 'Apex Corp' finds itself with a surplus of 200 data analysts. To streamline operations, the company issues a notice to terminate their services with one month's pay in lieu of notice and 15 days' average pay for every year of service, citing redundancy rather than misconduct.
Retrenchment
In an Assessment Centre, what is the term for the specific exercise where a candidate is given a pile of memos and reports and must prioritize them under a time limit?
In-basket exercise
"An executive is given the right to purchase 1,000 company shares at today’s price, but they can only exercise this right after 3 years. What is the term for this 3-year waiting period?"
Vesting
What critical HR activity is performed during employee offboarding to ensure that a departing staff member’s job-specific insights are captured for their replacement?
Knowledge Transfer (KT)
The wage ceiling is ₹15,000 per month. Employees earning a basic salary (plus dearness allowance) up to this limit must be enrolled in which organization?
EPFO Employees' Provident Fund Organisation.
While Poaching is a competitive hiring tactic, what is the term for the fee paid by a company to an executive search firm regardless of whether a hire is made?
Retainer fee
The ratio of a person’s pay to the midpoint of their pay range; used to check if they are underpaid.
Compa-ratio
Metric aligning performance with strategic goals across financial, customer, internal and learning dimensions.
Balance score card