Fringe Benefits
Fringe benefits provide extra value beyond an employee’s base pay. From health insurance to company cars, these perks help employers attract and retain talent. Have you ever enjoyed a gym membership courtesy of your employer or gotten extra paid vacation days? If so, you’ve received a fringe benefit. In simple terms, fringe benefits are non-wage […]
Full-Time Equivalent (FTE)
Full-Time Equivalent (FTE) is an essential HR metric used to standardize employee workloads by converting both part-time and full-time working hours into a single value that represents full-time employment. Rather than just counting the number of employees (headcount), FTE offers a more precise measure of total labor input by calculating how many full-time employees would […]
Front Pay
As a new HR manager, you’ve likely heard terms like front pay and back pay in discussions about employee compensation or legal claims. You might be asking yourself, “What is front pay?” and “When is front pay awarded?” Don’t worry, this glossary-style guide will explain these concepts in a friendly, straightforward way. We’ll define front […]