Payroll Vocabulary Explained
A professional employer organization (PEO) is an external service provider that partners with small and mid-sized businesses to manage critical human resource functions, such as payroll processing, benefits administration, compliance
Pre-tax deductions are amounts subtracted from an employee’s gross earnings before taxes are applied. These deductions typically cover elective benefits, such as health insurance or flexible spending accounts, that the
A performance review, also known as a performance evaluation or appraisal, is a structured process where a manager assesses an employee’s work, celebrates successes, and identifies areas for development. These
Per diem is a daily allowance employers provide to cover travel-related expenses incurred by employees during business trips. The term comes from Latin and means “per day,” reflecting its purpose,
