Guide for Reducing Financial Leakage inContract Workforce Management

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Glossary

Self-Service Portal

A Self-Service Portal is a safe online platform that lets employees look at, change, and access employment-related information and services on their own without needing help from the human resources or administrative department.To help simplify daily employee procedures and increase access to organizational data and services, such gateways are frequently linked with Human Resource Management Systems (HRMS).

It includes :

  • Viewing and downloading salary slips
  • Applying for leave and reviewing leave balances
  • Updating personal and contact information
  • Accessing attendance and shift records
  • Reviewing payroll and taxation details
  • Downloading official letters and employment documents
  • Submitting requests, approvals, and service enquiries

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Salary Breakup

Salary Breakup refers to the detailed composition of an employee’s total remuneration, outlining the individual earning components, allowances, statutory contributions, and deductions applicable within a payroll cycle. It provides clarity regarding the manner in which the overall compensation package is … Read more

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Salary Structure

Salary Structure is the methodical approach a company uses to decide and divide employee pay among many compensation elements.It methodically describes the makeup of the entire compensation package by including fixed pay, allowances, incentives, statutory deductions, and employee benefits.The salary schedule usually reflects the company’s compensation policies, employee level, business norms, and relevant legal requirements.   It includes :   Salary structure helps employees to … Read more

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Absence Management

Absence management is the process of tracking, reviewing, approving and managing employee absence from work. It covers planned leaves, unplanned absence, sick leave, leave without pay, missed attendance and absence patterns that may affect daily operations. The goal is not … Read more

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