Catch the right hire

As a startup, you will find yourself hiring  employees more often than you’d expect.

Published: 25th October 2018 10:30 AM  |   Last Updated: 25th October 2018 10:30 AM   |  A+A-

Image used for representational purpose only

By Express News Service

KOCHI: As a startup, you will find yourself hiring  employees more often than you’d expect. For those who are inexperienced in it and yet have to wear the hat of the HR, these are a few terms which might come handy.

Benefits: The incentives that an employee can expect out of the position they are filling, besides the salary. These may include fuel allowances, insurance etc.  

Compensation: This is just another fancy word for salary. The money an employee receives for fulfilling a certain role.

OTE: it’s the abbreviation for On Target Earnings. This is the amount an employee will receive when they meet all their targets as set by the company.

Piece Rate: When an employee is paid solely on the basis of the deliverable that they produce, unlike the conventional monthly salary. 

Contingent workforce: Workers hired on an on-demand basis, unlike permanent employees, like freelancers, consultants, contract workers etc.

More from Kochi.


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