Business / Human Resources (HR) Glossary

Pay Range: Associated with pay grades, the range sets the upper and lower compensation boundaries for jobs within that range.

Pay Structure: A structure of job grades and pay ranges established within an organization. May be expressed as job grades or job evaluation points.

Payback Agreement: An agreement between an employer and an employee used primarily for relocated employees, stating that an employee will not voluntarily terminate his or her employment with the organization f . . . View Full Definition

Payroll Records: Documentation created and maintained by the employer, which contains information regarding hours worked, salaries, wages, commissions, bonuses, vacation/sick pay, contributions to qualified . . . View Full Definition

Peer Appraisal: A performance appraisal strategy whereby an employee is reviewed by his or her peers who have sufficient opportunity to examine the individual’s job performance.

Pension Plan: An employer benefit plan funded through insurance, a trust, general assets or other separately maintained funds designed to provide employees with a monthly income benefit upon retirement.

Perceived Disability: A person who does not meet the definition of a disabled individual in accordance with the Americans With Disabilities Act but is regarded by his or her employer as having a mental or physica . . . View Full Definition

Performance Appraisal: A periodic review and evaluation of an individual's job performance.

Performance Counseling: The process of improving employee performance and productivity by providing the employee with feedback regarding areas where he or she is doing well and areas that may require improvement.

Performance Improvement Plan: A plan implemented by a manager or supervisor that is designed to provide employees with constructive feedback, facilitate discussions between an employee and his or her supervisor regarding . . . View Full Definition

Performance Management: The process of maintaining or improving employee job performance through the use of performance assessment tools, coaching and counseling as well as providing continuous feedback.

Performance Monitoring: The practice of monitoring employees while they perform their jobs through the use of surveillance cameras, telephone or computer monitoring.

Performance Standards: The tasks, functions or behavioral requirements established by the employer as goals to be accomplished by an employee.

Performance-Based Pay: A variable pay strategy that pays employees based on their individual performance and contributions, rather than the value of the job they are performing.

Perquisites: A form of incentives generally given to executive employees granting them certain privileges or special consideration, such as memberships in clubs, physical fitness programs, financial coun . . . View Full Definition

Personal Days: A benefit designed to provide employees with an allotment of paid days off in addition to holidays, sick days or vacation days, which they can use to attend to personal matters.

Personal Protective Equipment: Clothing and other work accessories (i.e., safety glasses, hearing protection, etc.) designed to create a barrier against potential workplace hazards.

Personality Test: A test instrument usually involving a standardized series of questions that are used to evaluate an individual’s personality characteristics.

Personnel Records: All information pertaining to individual employees, which is collected and maintained by the employer and is essential to the employer for handling various employment-related matters.

Phased Retirement: A work schedule arrangement that allows employees to gradually reduce their full-time hours over a period of time.

Physical Ability Test: A test instrument used to determine an individual’s ability to perform the functions or tasks of a job where physical strength or endurance is required.

Physical Examination: A medical examination performed by a company physician or an independent physician to ascertain whether or not an individual is able to perform the physical requirements of a particular job.

Piece Rate: A per-piece rate system that pays employees based on the number of pieces produced.

Pink Slip: A written or verbal notice given to employees who are being terminated or laid-off.

Placement Goals: Other eligible veterans are those individuals who served on active duty in the U.S. military, ground, naval or air service during a war or in a campaign or expedition for which a campaign ba . . . View Full Definition

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