HR Policies

Ex Gratia Pensions
Ex Gratia Pensions are discretionary payments made by an employer to a retiree, without any formal obligation to do so.
Leave of Absence
A leave of absence refers to a formally approved period during which an employee is permitted to take time off work without losing their job seniority or associated perks. It is often granted for specific purposes such as education, research, maternity/paternity leave, or personal health.
Personnel Department (Human Resources Department)
The Personnel Department, now commonly known as the Human Resources (HR) Department, is an organizational unit responsible for the administration of personnel policies and ensuring legal and proactive implementation of these policies.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.