Luxury Lexicon 20 terms
Employment terms
Terms used in employment, personnel practices and benefits.
0–9
- 401(k)
- A US employer-sponsored retirement savings plan.
A
- Alternance
- A study-and-work arrangement that combines education with time in employment; the contract and rules depend on the country and program.
B
- Background check
- An employer's verification of a candidate's history, such as past employment, education, credit or criminal records, before a hire.
C
- CCNL
- Contratto collettivo nazionale di lavoro: an Italian national collective labor agreement whose terms depend on the sector and applicable agreement.
- CDD
- Contrat à durée déterminée: a French fixed-term employment contract, subject to specific legal conditions.
- CDI
- Contrat à durée indéterminée: a French employment contract with no fixed end date, and the normal form of hiring in France.
- Cover letter
- A short letter sent with a résumé or CV that explains why the candidate wants the role and why they suit it.
E
- EAP
- Employee assistance program: employer-arranged support for personal or work-related concerns, with services that vary by provider.
- Employee referral
- A current employee's recommendation of someone for a role, which the employer may reward with a bonus if that person is hired.
- Ethical fashion
- An approach to clothing that considers how it is made and its effects on workers, communities and other living things.
F
H
- HRIS
- Human resources information system: software used to maintain employee records and support personnel processes.
- HSA
- Health savings account: a US account for eligible medical expenses, available only when the relevant eligibility conditions are met.
- Hybrid work
- A working pattern that divides the week between the employer's premises and working remotely, usually from home.
K
- Keyholder
- A store employee authorized to open or close the premises and carry out the associated security procedures.
P
- Probation period
- The first stage of a job, in which employer and employee assess the fit, often with shorter notice for ending the contract.
- PTO
- Paid time off: time away from work for which an employee is paid.
R
- RRSP
- Registered retirement savings plan: a Canadian retirement savings arrangement with specific tax and contribution rules.
S
- Succession planning
- Preparing people to take on important roles when their current holders move or leave.