HR best practices

Workplace procedures include both mandatory and voluntary procedures that guide employee behavior.

Statutory requirements are set by law, while mandatory requirements are imposed by the organization.

Legally required HR policies include health and safety, anti-discrimination, and employee rights.

Compulsory, obligatory, and mandatory all refer to requirements, but each has a distinct meaning in HR.

Gross pay is calculated by adding an employee’s total earnings before any taxes or deductions.

Monthly pay is calculated by dividing an employee’s annual salary by 12, or by adding bonuses.

Monthly salary refers to the regular payments provided to employees on a monthly basis.

Basic monthly salary refers to the core wages paid to employees before bonuses or benefits.

Salary is typically considered basic pay, which is the foundation of an employee’s earnings.

Compensation is called such because it reflects the value of an employee’s work and performance.