--- title: India HR, Payroll & EOR Glossary url: https://www.wisemonk.io/glossary lang: en --- # Glossary Key terms in HR, payroll, compliance, and employment — explained simply. ## A - [Absenteeism](https://www.wisemonk.io/glossary/what-is-absenteeism-and-why-is-it-important) - [Accrued Payroll](https://www.wisemonk.io/glossary/what-is-accrued-payroll-and-why-is-it-important) - [Agent of Record (AOR)](https://www.wisemonk.io/glossary/what-is-an-agent-of-record-aor) ## B - [Back Pay](https://www.wisemonk.io/glossary/what-is-back-pay-and-why-is-it-important) - [Background Verification (BGV)](https://www.wisemonk.io/glossary/what-is-background-verification-bgv) - [Base Salary](https://www.wisemonk.io/glossary/what-is-a-base-salary-and-why-is-it-important) - [Branch Office](https://www.wisemonk.io/glossary/what-is-a-branch-office) - [Build-Operate-Transfer (BOT)](https://www.wisemonk.io/glossary/what-is-build-operate-transfer-bot) - [Business Visa](https://www.wisemonk.io/glossary/what-is-a-business-visa) ## C - [Captive Center (GIC)](https://www.wisemonk.io/glossary/what-is-a-captive-center) - [Career Development](https://www.wisemonk.io/glossary/what-is-career-development) - [Centralized Payroll](https://www.wisemonk.io/glossary/what-is-centralized-payroll-and-how-does-it-work) - [Co-Employment](https://www.wisemonk.io/glossary/what-is-co-employment) - [Code on Wages](https://www.wisemonk.io/glossary/what-is-the-code-on-wages) - [Compliance & Legal](https://www.wisemonk.io/glossary/what-is-compliance-and-legal-management) - [Contractor of Record (COR)](https://www.wisemonk.io/glossary/what-is-a-contractor-of-record-cor) - [Cost to Company (CTC)](https://www.wisemonk.io/glossary/what-is-cost-to-company-ctc) ## D - [DPDP Act 2023](https://www.wisemonk.io/glossary/what-is-the-dpdp-act) - [Data Protection Policy (DPP)](https://www.wisemonk.io/glossary/what-is-data-protection-policy-dpp) - [Dearness Allowance](https://www.wisemonk.io/glossary/what-is-dearness-allowance) - [Decentralized Payroll](https://www.wisemonk.io/glossary/what-is-decentralized-payroll) - [Digital Nomad Visa](https://www.wisemonk.io/glossary/what-is-a-digital-nomad-visa) - [Disciplinary Action](https://www.wisemonk.io/glossary/what-is-disciplinary-action) - [Dual Tax Regime](https://www.wisemonk.io/glossary/what-is-dual-tax-regime) ## E - [Earned Wage Access](https://www.wisemonk.io/glossary/what-is-earned-wage-access) - [Employee (Global Context)](https://www.wisemonk.io/glossary/what-defines-an-employee-in-global-context) - [Employee Assistance Program (EAP)](https://www.wisemonk.io/glossary/what-is-an-employee-assistance-program) - [Employee Contract](https://www.wisemonk.io/glossary/what-is-an-employee-contract) - [Employee Evaluation](https://www.wisemonk.io/glossary/what-is-employee-evaluation) - [Employee Handbook](https://www.wisemonk.io/glossary/what-is-an-employee-handbook) - [Employee Lifecycle](https://www.wisemonk.io/glossary/what-is-the-employee-lifecycle) - [Employee Onboarding](https://www.wisemonk.io/glossary/what-is-employee-onboarding) - [Employee State Insurance (ESI)](https://www.wisemonk.io/glossary/what-is-employee-state-insurance) - [Employee Stock Options (ESOP)](https://www.wisemonk.io/glossary/what-is-an-employee-stock-option-plan-esop) - [Employees' Pension Scheme (EPS)](https://www.wisemonk.io/glossary/what-is-employees-pension-scheme-eps) - [Employer of Record (EOR)](https://www.wisemonk.io/glossary/what-is-an-employer-of-record-eor) ## F - [Form 1099](https://www.wisemonk.io/glossary/what-is-form-1099) - [Form 16](https://www.wisemonk.io/glossary/what-is-form-16) - [Full and Final Settlement](https://www.wisemonk.io/glossary/what-is-full-and-final-settlement) - [Full-Time Equivalent (FTE)](https://www.wisemonk.io/glossary/what-is-a-full-time-equivalent-fte) ## G - [Global Capability Centre (GCC)](https://www.wisemonk.io/glossary/what-is-a-global-capability-centre-gcc) - [Global Mobility](https://www.wisemonk.io/glossary/what-is-global-mobility) - [Global PEO](https://www.wisemonk.io/glossary/what-is-a-global-peo) - [Global Payroll](https://www.wisemonk.io/glossary/what-is-global-payroll) - [Gratuity](https://www.wisemonk.io/glossary/what-is-gratuity) - [Gross Salary](https://www.wisemonk.io/glossary/what-is-gross-salary) - [Gross-up](https://www.wisemonk.io/glossary/what-is-gross-up) ## H - [House Rent Allowance (HRA)](https://www.wisemonk.io/glossary/what-is-house-rent-allowance-hra) ## I - [IR35](https://www.wisemonk.io/glossary/what-is-ir35) - [Independent Contractor](https://www.wisemonk.io/glossary/what-is-an-independent-contractor) ## J - [Joining Bonus](https://www.wisemonk.io/glossary/what-is-a-joining-bonus) ## K - [Key Performance Indicator (KPI)](https://www.wisemonk.io/glossary/what-is-a-key-performance-indicator-kpi) ## L - [Labour Welfare Fund (LWF)](https://www.wisemonk.io/glossary/what-is-labour-welfare-fund-lwf) - [Leave Encashment](https://www.wisemonk.io/glossary/what-is-leave-encashment) - [Leave Travel Allowance (LTA)](https://www.wisemonk.io/glossary/what-is-leave-travel-allowance-lta) - [Legal Entity Establishment](https://www.wisemonk.io/glossary/what-is-legal-entity-establishment) ## M - [Master Services Agreement (MSA)](https://www.wisemonk.io/glossary/what-is-a-master-services-agreement-msa) - [Maternity Leave in India](https://www.wisemonk.io/glossary/what-is-maternity-leave-in-india) - [Minimum Wage in India](https://www.wisemonk.io/glossary/what-is-the-minimum-wage-in-india) ## N - [Net Salary](https://www.wisemonk.io/glossary/what-is-net-salary) - [Notice Period](https://www.wisemonk.io/glossary/what-is-notice-period) ## O - [Offboarding](https://www.wisemonk.io/glossary/what-is-offboarding) - [Offshore Development Centre (ODC)](https://www.wisemonk.io/glossary/what-is-an-offshore-development-centre-odc) - [Offshoring vs Outsourcing](https://www.wisemonk.io/glossary/what-is-offshoring-vs-outsourcing) - [Overtime](https://www.wisemonk.io/glossary/what-is-overtime) ## P - [POSH Act](https://www.wisemonk.io/glossary/what-is-the-posh-act) - [Paid Time Off (PTO)](https://www.wisemonk.io/glossary/what-is-paid-time-off-pto) - [Paternity Leave](https://www.wisemonk.io/glossary/what-is-paternity-leave) - [Payroll Outsourcing](https://www.wisemonk.io/glossary/what-is-payroll-outsourcing) - [Payslip](https://www.wisemonk.io/glossary/what-is-a-payslip) - [Permanent Establishment Risk](https://www.wisemonk.io/glossary/what-is-permanent-establishment-risk) - [Perquisites](https://www.wisemonk.io/glossary/what-are-perquisites) - [Probation Period](https://www.wisemonk.io/glossary/what-is-a-probation-period) - [Professional Employer Organization (PEO)](https://www.wisemonk.io/glossary/what-is-a-professional-employer-organization-peo) - [Professional Tax](https://www.wisemonk.io/glossary/what-is-professional-tax) - [Provident Fund (EPF)](https://www.wisemonk.io/glossary/what-is-provident-fund-epf) ## Q - [Quiet Quitting](https://www.wisemonk.io/glossary/what-is-quiet-quitting) ## R - [Recruitment Process Outsourcing (RPO)](https://www.wisemonk.io/glossary/what-is-recruitment-process-outsourcing-rpo) - [Restricted Stock Units (RSU)](https://www.wisemonk.io/glossary/what-is-restricted-stock-units-rsu) ## S - [Severance Pay](https://www.wisemonk.io/glossary/what-is-severance-pay) - [Shops and Establishments Act](https://www.wisemonk.io/glossary/what-is-the-shops-and-establishments-act) - [Special Allowance](https://www.wisemonk.io/glossary/what-is-special-allowance) - [Staff Augmentation](https://www.wisemonk.io/glossary/what-is-staff-augmentation) - [Statement of Work (SOW)](https://www.wisemonk.io/glossary/what-is-a-statement-of-work-sow) - [Statutory Bonus](https://www.wisemonk.io/glossary/what-is-statutory-bonus) - [Subsidiary](https://www.wisemonk.io/glossary/what-is-a-subsidiary) ## T - [Tax Deducted at Source (TDS)](https://www.wisemonk.io/glossary/what-is-tax-deducted-at-source-tds) - [The Four Labour Codes](https://www.wisemonk.io/glossary/what-are-the-four-labour-codes) ## U - [Universal Account Number (UAN)](https://www.wisemonk.io/glossary/what-is-a-universal-account-number-uan) ## V - [Variable Pay](https://www.wisemonk.io/glossary/what-is-variable-pay) ## W - [W-2 Form](https://www.wisemonk.io/glossary/what-is-a-w-2-form) - [W-9 Form](https://www.wisemonk.io/glossary/what-is-a-w-9-form) - [Worker Misclassification](https://www.wisemonk.io/glossary/what-is-worker-misclassification) ## Y - [Year-End Settlement](https://www.wisemonk.io/glossary/what-is-year-end-settlement) ## Z - [Zero-Hours Contract](https://www.wisemonk.io/glossary/what-is-a-zero-hours-contract)