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HR Glossary image
HR Glossary
Vijaya Lakshmi

What is Downsizing? Meaning and Definition

Downsizing is often used to describe the act of reducing either the number of employees in a company or the company’s operations to reduce costs, improve efficiency, or reorganizing the

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HR Glossary image
HR Glossary
Vijaya Lakshmi

What is Deduction? Definition and Types

A deduction represents the amount of the money that is withheld or subtracted from the gross salary of an employee as a part of the compensation package which leads to the lower net salary or take-home pay.

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