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What is weekly off? A weekly off, also known as day off or rest day, is a designated day within a week when an employee is not required to work. In a corporate setting employees are asked to work for…
What Is a Contingent Worker? A contingent worker is a professional who is hired by the organization to perform a certain task on a non-permanent basis. These workers are the same as traditional full time employee and don’t receive the…
What is Return to Office (RTO)? Return to Office (RTO) refers to the process of returning employees to the office after a period of remote work. This transition typically involves strategically implementing policies and procedures to facilitate a safe and…
What is Retro Pay? Retro pay also known as Retroactive pay, refers to the compensation owed to any employee for a work done by them in the previous period but not paid at that time. It typically arises due to…
What is bi-weekly payroll? Bi-weekly payroll is a payroll system where employees are paid every two weeks, typically on consistent days such as every other Fridays or every other Thursday. In this system an employee receive 26 paychecks in a…
What Are Federal Holidays? Federal holidays are holidays designed by the government as days when all the non-essential federal government offices, agencies and services are closed. These is a paid day off and apply to the whole country by law.…
What is an off-site? An off site refers to a gathering or activity which involves taking employees outside the usual work premises or work environment. This is also known as off-site meeting or off-site meeting and is typically organized away…
What is owned entity? An owned entity refers to a legal business which is wholly owned or controlled by another entity. this can also refers to subsidiaries or divisions operating in foreign land that are owned or controlled by parent…
What is a 1099-MISC form? A 1099-MISC form is a tax form used in United States to report miscellaneous incomes received by the individual to the Income Revenue Services (IRS). This is different from W-2 form here the term “1099”…
What is FTE (full-time equivalent)? Full-time equivalent or FTE is a unit to measure the number of hours worked by the employee in the organization divided by the total number of standard hours in a full-time schedule. It is often…