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Glossary

HR Glossary Terms

In the ever-evolving landscape of Human Resources, staying informed about industry terminology is essential.

HR Glossary: Essential Terms and Acronyms

Navigate the complex world of Human Resources with our comprehensive glossary. Whether you're new to HR or a seasoned professional, this resource will help you stay up-to-date with important terms and acronyms.

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Why Understanding HR Terms is Crucial

In the ever-evolving landscape of Human Resources, staying informed about industry terminology is essential. A strong grasp of HR acronyms and terms can help you: Communicate more effectively with colleagues and stakeholders Navigate complex regulations and compliance requirements Stay up-to-date with industry trends and best practices Make more informed decisions in your HR role

In the ever-evolving landscape of Human Resources, staying informed about industry terminology is essential. A strong grasp of HR acronyms and terms can help you:

  • Communicate more effectively with colleagues and stakeholders
  • Navigate complex regulations and compliance requirements
  • Stay up-to-date with industry trends and best practices
  • Make more informed decisions in your HR role

At WorkforceThrive, we're committed to empowering HR professionals with the knowledge and tools they need to succeed. Our HR software solutions are designed to streamline your processes and keep you compliant with the latest regulations.

HR Acronyms Glossary

Acronym
Meaning
ACA
Affordable Care Act
ACH
Automated Clearing House
ADA
Americans with Disabilities Act
ADR
Alternative Dispute Resolution
ADP
Actual Deferred Percentage
AAP
Affirmative Action Plan
ASO
Administrative Services Only
ATS
Applicant Tracking System
BFOQ
Bona Fide Occupational Qualification
BPO
Business Process Outsourcing
BYOD
Bring Your Own Device
CASDI
California State Disability Insurance
CHRO
Chief Human Resource Officer
CPO
Chief People Officer
CHO
Chief Happiness Officer
CPP
Certified Payroll Professional
DOL
Department of Labor
EDI
Electronic Data Interchange
EEOC
Equal Employment Opportunity Commission
EIC
Earned Income Credit
EIN
Employer Identification Number
ERISA
Employee Retirement Income Security Act
ESS
Employee Self Service
FICA
Federal Insurance Contributions Act
FIT
Federal Income Tax
FLSA
Fair Labor Standards Act
FMLA
Family and Medical Leave Act
FSA
Flexible Spending Account
FTE
Full-Time Equivalent
FUTA
Federal Unemployment Tax Act
GDPR
General Data Protection Regulation
HCM
Human Capital Management
HMO
Health Maintenance Organization
HR
Human Resources
HRA
Health Reimbursement Account
HRIS
Human Resources Information System
HRMS
Human Resources Management System
HSA
Health Savings Account
LMS
Learning Management System
NDA
Non-disclosure Agreement
OSHA
Occupational Safety and Health Administration
PCORI
Patient-Centered Outcomes Research Institute
PEO
Professional Employer Organization
PIT
Personal Income Tax
PPO
Preferred Provider Organization
PTO
Paid Time Off
SDI
State Disability Insurance
SSN
Social Security Number
SUI
State Unemployment Insurance
SUTA
State Unemployment Tax Act
TIN
Taxpayer Identification Number
TLA
Three Letter Acronym
VTO
Volunteer Time Off
YTD
Year to Date
Learn More About HR with WorkforceThrive

Questions? You’re covered.

WorkforceThrive Time Management offers robust, customizable pay rules that can accommodate various shift types, including night shifts, rotating shifts, and split shifts. Our system can automatically calculate overtime based on your specific company policies, federal and state labor laws, and union agreements. This includes handling complex scenarios like daily overtime, weekly overtime, and overtime on holidays.

Yes, WorkforceThrive Time Management is designed to integrate seamlessly with various payroll systems. However, for the most efficient operation, we recommend using our integrated WorkforceThrive payroll solution. This ensures real-time data synchronization and eliminates the need for manual data transfers or imports/exports between systems.

 

Security is our top priority. WorkforceThrive Payroll employs bank-level encryption, regular security audits, and compliance with industry standards to protect your sensitive payroll data. We also offer customizable security profiles, allowing you to set precise access levels for different users within your organization.

 

WorkforceThrive Payroll comes with over 60 built-in reports, including general ledger, payroll register, and payroll recap. Additionally, users can create, save, and share ad hoc custom reports. Our system also provides quick links for swift navigation to your most frequently used reports.

The employee self-service feature allows your staff to manage their own payment preferences, view pay statements, and access comprehensive benefit statements. This not only empowers employees but also reduces the administrative burden on your HR and payroll teams.

 

Yes, WorkforceThrive Payroll is flexible and can accommodate various pay schedules, including weekly, bi-weekly, semi-monthly, and monthly. You can even manage multiple pay schedules within the same system if your organization requires it.

 
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