HR glossary
Plain definitions of the HR and payroll terms you meet every month.
Attendance correction — a request to fix a missed or wrong punch; the original punch is kept.
CTC — cost to company: everything the employer spends on an employee in a year.
ESI — Employees' State Insurance, a social security contribution for employees below the wage limit.
Geofence — a radius (10–50 m) around a work location inside which a GPS check-in is accepted.
Grace period — minutes after shift start before a check-in counts as late.
LOP / LWP — loss of pay / leave without pay: unpaid days deducted in payroll.
PF / EPF — Employees' Provident Fund contributions by employee and employer.
PT — Professional Tax, a state-level tax deducted from salary where applicable.
Roster — the plan of who works which shift on which day.
TDS — tax deducted at source from salary under the chosen tax regime.
Put next week's roster on Work Nexa
Import your people, set your shift patterns and run a parallel payroll before you switch. Most teams are live within two weeks.