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Payroll & Workforce Management

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 Leave & Attendance

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 Compensation

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Talent Management

Unleash the true potential of your workforce to drive agility and growth.

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 Onboarding

Make their first experience a delight

 Performance Powered by AI

Building efficient performance culture
Compensation

Facilitate growth with the right compensation

Learning Powered by AI

Building capabilities for agility

 Career & Skills Powered by AI

Identify skill gaps & execute talent programs

 Succession Planning

Build robust talent pipeline for critical positions
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HR Glossary

A comprehensive glossary built by PeopleStrong experts to help you navigate the world of work effortlessly.

B

Basic Salary

What is Basic Salary? Basic Salary is the foundational, fixed component of an employee’s salary—it’s the core amount paid for work performed, before adding any allowances, bonuses, or making deductions for statutory contributions. It often forms 35-50% of the total salary (CTC) and is the reference point for calculating other salary elements like Provident Fund […]
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C

Cost to Company (CTC)

What is Cost to Company (CTC)? Cost to Company (CTC) is the total annual expense a company incurs to employ an individual. More than just the monthly salary, CTC bundles all monetary and non-monetary benefits provided—such as basic pay, allowances (HRA, medical, travel), statutory contributions (Provident Fund, ESI, gratuity), insurance, performance bonuses, reimbursements, and even […]
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F

Fixed Pay

What is Fixed Pay? Fixed Pay refers to the guaranteed portion of an employee’s salary that remains constant each payroll cycle, regardless of hours worked, performance, or company profits. It is the assured amount that an employee receives as monthly or annual compensation for their services. Fixed pay typically includes the basic salary plus fixed […]
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G

Gross Salary Explained: Definition, Components, and Example

What is Gross Salary? Gross Salary is the total amount an employee earns before any deductions such as taxes, provident fund, or professional tax are subtracted. It represents the sum of the basic salary, allowances (like House Rent Allowance, Dearness Allowance, Conveyance Allowance, Medical Allowance), bonuses, overtime pay, and any performance-linked incentives. Unlike CTC, gross […]
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H

HRA (House Rent Allowance)

What is House Rent Allowance (HRA)? House Rent Allowance (HRA) is a key salary component provided by employers to help employees meet their rental housing expenses. It is usually part of the Cost to Company (CTC) and aims to ease the financial burden of living in rented accommodation. HRA is partly taxable, but under Indian […]
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L

LTA (Leave Travel Allowance)

What is Leave Travel Allowance (LTA)? Leave Travel Allowance (LTA) is a tax-exempt benefit provided by employers to employees, designed to reimburse travel expenses for vacations within India. Included as a salary component, LTA helps employees save taxes on travel costs when they take leave from work and travel domestically, making holidays more affordable. Key […]
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N

Net Salary / Take Home Pay

What is Net Salary / Take Home Pay? Net Salary—also known as Take Home Pay or In-Hand Salary—is the actual amount an employee receives each month after all statutory and optional deductions are subtracted from the gross salary. Unlike CTC or gross, net salary focuses on what’s credited to your bank account and available for […]
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V

Variable Pay

What is Variable Pay? Variable Pay is the portion of an employee’s compensation that fluctuates based on their performance, results, or achieving specific goals, rather than being a fixed monthly salary. It serves as an incentive to motivate employees to exceed targets and align their efforts with the company’s objectives. Unlike fixed pay, which is […]
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Ready to turn your
HR into your
biggest competitive advantage?

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