HR, Hiring and Leave Terms Explained

Comp time is paid time off given instead of overtime pay. Learn who can legally get it, how it’s calculated and how it compares with overtime pay.

A floating holiday is a paid day off you choose yourself, instead of a fixed company holiday. See how it works, common rules and how it differs from PTO.

Sick leave is time off for illness; PTO is a flexible bank of paid time for any reason. Compare how they work, payout rules and what the law requires.

An offer letter is a written job offer listing your title, pay, start date and key terms. See what it includes, a sample letter and what to check before you sign.

A probationary period is a trial stretch at the start of a new job. Learn how long it usually lasts, what changes after it ends and how to pass it.

A write-up is a formal written warning about performance or conduct. Learn what it means, what usually happens next and how to respond.

Bereavement leave is time off after a loved one dies. Learn how many days are typical, whether it’s paid, what US law requires and how to ask for it.

The FLSA is the federal law behind minimum wage, overtime pay and child labor rules. Learn what it covers, what it doesn’t, and what exempt vs non-exempt means.

A SMART goal is specific, measurable, achievable, relevant and time-bound. See what each letter means and 10 ready-to-adapt workplace examples.

Severance pay is money an employer pays when your job ends, usually in a layoff. Learn how it works, how much is typical, taxes and what to check before you sign.