Is a term used most commonly to describe a base pay which is set at an annual rate and remains unchanged from one pay period to the next, regardless of the number of hours an employee may work.

The process of aligning human resources more closely to the strategic and operating objectives of the organisation.

Involving identifying a potential candidate to replace core individual employees either known to be leaving the firm at some point in the future and/or whose sudden departure would pose a risk to the operation of the firm.

The act of dismissing personnel immediately, usually because the person has committed some act of Gross Misconduct.

A form of disciplinary action resulting in an employee being sent home without pay for a specified period of time.