Glossary

• Gig Economy
• Gig Worker/Employee
• 401(k) Plan
• 14th Month Pay
• 13th Month Salary
• 1099-NEC
• 1099-MISC
• Zero Hour Contract
• Year to Date
• Workplace Absenteeism
• Working Days
• Working Capital Management
• Worker Deduction
• Wire Transfer
• Wage Garnishment in US Payroll Law
• W-9 Tax Form
• W-8BEN Tax Form
• W-4 Tax Form
• W-2 Form
• Virtual Account
• Value Transfer System
• Upper Earnings Limit (UEL)
• Ultimate Debtor
• Trust Accounts
• Tax Rebates
• Seasonal Employee
• Salaried Employee
• SWIFT (Society for Worldwide Interbank Financial Telecommunication)
• Statutory Sick Pay (SSP)
• Social Security Wages
• SEPA (Single Euro Payments Area)
• Shadow Payroll
• Settlement and Payment Authorization
• Same-Day Direct Deposit Payroll
• Salary Sacrifice
• Payment Rails
• Pretax Income
• Payroll Taxes
• Payroll Remittance in Canada
• Payroll Liabilities
• Payroll Benefits
• Payroll Automation
• Payroll Accounts and Global Workforce Compensation
• Payout
• Payment Reconciliation
• Payment Service Provider (PSP)
• Payment Processor
• Payment in Lieu of Notice (PILON)
• PAYE (Pay As You Earn)
• Pay Stub
• Pay Period
• Pay In
• Paternity Leave
• Paid Time Off (PTO)
• P60 Form
• P45 Form
• Overtime Costs
• Open Shifts
• Overtime
• Overpaid Salary
• Open Banking
• On-Call Work
• Net Pay in Global Payroll
• Money Transfer License
• Minimum Wage and Income Thresholds
• Medical Expense Deduction
• Maternity Leave
• MAT B1 and Pregnancy Confirmation Forms
• Mass Payments
• Mandatory Benefits
• Management by Objectives (MBO)
• Leave Request
• Local Bank Transfer
• Life Insurance in Payroll
• Last Mile Payments in Payroll
• Kelly Shift Schedule
• KYB (Know Your Business)
• KYC (Know Your Customer)
• Journal Entries for Payroll
• Irregular Payments Indicator
• Intermediary Bank
• Income Tax
• IBAN
• I-9 Form
• Holiday Pay
• HMRC (His Majesty’s Revenue and Customs)
• Gross-to-Net Pay
• Gross Pay
• Global Treasury Management
• Global Professional Employer Organizations (PEOs)
• Global Payroll
• Global Coverage
• GOSI (General Organization for Social Insurance) in Saudi Arabia
• Gender Pay Gap
• GDPR (General Data Protection Regulation)
• Flexible Schedules
• Fixed Schedules
• FUTA and Unemployment Taxes
• Funding
• Full Payment Submission (FPS)
• Fringe Benefits
• Foreign Worker Levy
• Foreign Exchange (FX)
• Faster Payments Service (FPS)
• Employee Retention
• Employee Ghosting
• Expatriate (Expat) Employees
• Exempt Payment
• ER Wage Taxes
• Equity
• Employment Allowance
• Employer Sponsored Health Insurance
• Employer Payment Summary (EPS)
• Employer of Record
• Employer Alignment Submission (EAS)
• Employee Self-Service (ESS)
• Employee
• Electronic Payment System (EPS)
• Electronic Federal Tax Payment System (EFTPS)
• Dislocated Worker
• Direct Earnings Attachment (DEA)
• Direct Debit
• Digital Nomad Visa
• Designation
• Custom pay rates
• Critical Illness Insurance
• Contingent Worker
• Compensation
• Company Sick Day
• Commission
• COBRA
• Client Money Account (CMA)
• CHAPS
• Boomerang Employee
• Bring Your Own Device (BYOD)
• Bereavement Leave
• Benefits In Kind (BIK)
• Bankers’ Automated Clearing Services (BACS)
• Bank Payment File
• Award Interpretation
• Auto-approved Shifts
• Automated Clearing House (ACH)
• Authority Payments
• Attachment of Earnings Order (AEO)
• Approval Chains
• Apprenticeship Levy
• Anti-Money Laundering (AML)
• Absence
• Account Number