Guide for Reducing Financial Leakage inContract Workforce Management

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glossary

Year-End Appraisal

Year-End Appraisal means the formal review of an employee’s performance, conduct, and contribution during a financial or calendar year.

Year-End Appraisal Includes:

  • Performance Evaluation
  • Review of Goals
  • Achievements
  • Strengths
  • Improvement Areas
  • Employee Feedback
  • Discussion
  • Promotion
  • Increment Assessment
  • Training
  • Development Planning

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Year-to-Date (YTD)

Year-to-Date (YTD) is the period starting from the first day of the current financial or calendar year up to the present date.  Year-to-Date (YTD) Includes:

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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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Absenteeism

Absenteeism goes beyond simply noting the fact of the absence of an employee. This can be problematic because it impacts on the availability of workers, shift management, payroll management, and operational continuity.

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