Payroll Vocabulary Explained

We break down payroll’s complex terms from A to Z for easy understanding.

Contingent worker

What Is a Contingent Worker? A contingent worker is someone brought in by a business to complete a short-term task or provide specialized expertise, without being hired as a permanent

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Competency-based pay

Competency-Based Pay: Meaning and How It Works Competency-based pay is a compensation strategy that focuses on rewarding employees based on their expertise, abilities, and applied knowledge, rather than solely on

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Commission

What Is a Commission? A commission is a form of earnings paid to employees based on their ability to sell products, services, or subscriptions, often linked to meeting specific sales

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