Glossary

Expand your HR knowledge with the FirstHR Glossary, offering concise definitions and explanations of key industry terms, ensuring you stay informed and equipped with the latest terminology.

277 posts
W-2

What is a W-2?

Introduction The W-2 form, officially titled the “Wage and Tax Statement,” is a crucial document that employers provide…
Work-life balance

Work-life balance

What is a Work-life balance? Work-life balance is the balance between an individual’s work and personal life. Achieving…
Yield Ratio

Yield Ratio

What is a Yield Ratio? Yield ratio is a metric used in recruitment to measure the effectiveness of…
Year-to-date

Year-to-date

What is a Year-to-date? Year-to-date (YTD) is a term used in finance and accounting to refer to the…
Zero-hours contract

Zero-hours contract

What is a Zero-hours contract? A zero-hours contract is an employment contract where an employee is not guaranteed…
Absence management

Absence management

Absence management is essential to any organization’s human resource management strategy. Managing employee absences can be challenging for…