August 2025

What is Minimum Wage? Definition: Minimum wage is the lowest legal hourly pay that employers can offer to employees. Government legislation establishes this wage floor to ensure a basic standard of living for workers and to protect them from exploitation. Minimum wage laws aim to reduce poverty, increase the standard of living for low-income workers, and […]

Median Wage Definition: The median wage is the wage at the midpoint in a list of wages for an occupation, where half of the workers earn more and half earn less. It’s a way to understand the typical earnings of workers and is often used to gauge the economic well-being of a region or a

Mean Wage What is a mean wage? Definition: Mean wage is an economic measure that represents the average wage earned by employees in a specific job, sector, or region within a given time frame. It is a statistical concept used to estimate the central tendency of wages within a particular group, offering insights into the

Maternity Leave Cover Definition: Maternity leave cover is a temporary appointment of an individual to perform the duties and responsibilities of an employee on maternity leave. The aim is to ensure that the work and tasks of the absent employee are managed effectively during their leave period, minimizing disruption to the organization’s operations. Key information

Layoff Definition: A layoff is a temporary or permanent termination of employment initiated by the employer primarily due to organizational reasons rather than individual performance. In the often unpredictable world of business, layoffs are a tough reality. For HR professionals, handling them well isn’t just about legal compliance; it’s about balancing business needs with genuine

Definition: Lateral job transfer is a move from one position to another within the same organizational level in a company, where the responsibilities, pay grade, and status are approximately equivalent to the previous position. In a lateral transfer, an employee is not promoted or demoted—they are shifted to a position with a different set of

Lateral Hiring Definition: Lateral hiring is recruiting skilled and experienced professionals at a similar level to their current role in another organization, bypassing the traditional path of climbing the corporate ladder step by step. Lateral hiring offers many benefits, from quickly filling vacant positions to infusing fresh perspectives into a team. Differences between lateral hiring

Labor Law Posting Definition: Labor law postings are requirements for employers to publicly display specific federal, state, and local labor and employment law notices in the workplace. These posters provide information about employees’ rights, employer obligations, and relevant regulations under various employment laws. The goal is to ensure that employees are informed about their rights

What is a Knowledge Worker? Definition: A knowledge worker is an individual whose primary job involves handling and processing information and generating, interpreting, and applying knowledge. These workers typically engage in tasks that require intellectual capabilities, problem-solving skills, and the use of information technology tools. The term was coined by Peter Drucker in the 1960s

Definition: Knowledge Process Outsourcing (KPO) is delegating core, information-related business activities to an external service provider. In KPO, tasks are usually more specialized and advanced than those in Business Process Outsourcing (BPO). The services often involve significant expertise and analysis, encompassing areas like research and development, investment research, business and market analysis, data analytics, financial consultancy, and technical