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HR Glossary
Vijaya Lakshmi

What are Earnings?

“Earnings” are the financial gains or profits received by a person, company or investment within a given period of time.

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HR Glossary
Vijaya Lakshmi

What is Diversity Hiring? Meaning and Definition

Diversity hiring is a term that is synonymous with inclusive hiring. It is the process of designing an employee selection system in which job candidates from various backgrounds, cultures, and experiences are deliberately sought after and hired.

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HR Glossary
Vijaya Lakshmi

Difference Between Gross Income and Net Income

Gross income stands for the amount of money earned by the person or a company right before any deductions or taxes are made. Net Income refers to the income remaining after deducting all expenses, taxes, and other deductions from gross income.

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HR Glossary image
HR Glossary
Vijaya Lakshmi

Differences Between Training and Development

The learning process is the acquisition of knowledge, skills, and abilities necessary to perform particular tasks at the workplace. Development means a comprehensive process of improving one’s competence, knowledge, and personal potential beyond the current role and responsibilities.

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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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