Payroll Vocabulary Explained

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

Summary dismissal

Summary dismissal, also known as “instant termination,” is when an employer ends an employee’s contract immediately, without prior notice or following the standard disciplinary steps. This action is typically taken

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Straight-time pay

Straight-time refers to the regular hours an employee works at their standard hourly wage, not including overtime, bonuses, holidays, or paid time off. “Straight-time pay” is simply the total compensation

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Stay interview

A stay interview is a proactive conversation between an employer and an employee, usually someone with strong performance or long tenure, designed to understand what motivates them to remain with

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