Guide for Reducing Financial Leakage inContract Workforce Management

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Eilisys
Glossary

Variable Pay

Variable Pay refers to the part of an employee’s salary that changes based on performance, targets, incentives, or company results.

Variable Pay Includes:

  • Performance Incentives
  • Sales Commission
  • Bonus Payments
  • Productivity Rewards
  • Target Achievement Benefits
  • Annual Incentive Plans

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Vendor Management (Contract Workforce)

Vendor Management (Contract Workforce) refers to the process of managing third-party agencies or vendors that provide contract employees to the organisation.  Vendor Management Includes:

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V

Virtual Onboarding

Virtual Onboarding refers to the process of introducing and training new employees through online platforms without physical presence at the workplace.  Virtual Onboarding Includes:

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A

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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