Business Glossary
Clear, concise definitions of key business terms in payroll, finance, HR, compliance, and outsourcing. Your reference guide from MYND's domain experts.
Showing 8 terms starting with "V"
Clear filterValuation Services
Valuation Services: Understanding the True Worth of Assets and Businesses Valuation services encompass the professional processes and methodologies employed to determine the economic worth of an...
View definitionVariable Pay
Variable Pay Variable pay, also known as performance-related pay or incentive pay, refers to a compensation strategy where a portion of an employee’s remuneration is not fixed but is contingent upon...
View definitionVariance Analysis
Understanding Variance Analysis Variance analysis is a fundamental management accounting technique used to evaluate the difference between planned or budgeted results and actual results achieved.
View definitionVendor Master Data
Vendor Master Data Vendor Master Data (VMD) refers to the comprehensive and centralized repository of all essential information pertaining to an organization’s suppliers, vendors, and service...
View definitionVirtual Hiring
Understanding Virtual Hiring Virtual hiring refers to a comprehensive recruitment process conducted entirely or primarily through digital and online platforms, eliminating the need for face-to-face, p...
View definitionVision Insurance
What is Vision Insurance? In the context of Human Resources (HR) and employee benefits, Vision Insurance is a type of supplemental health and wellness benefit designed to reduce the out-of-pocket cost...
View definitionVolume Hiring
What is Volume Hiring? Volume hiring , frequently referred to as high-volume recruiting or mass hiring, is a specialized talent acquisition strategy focused on filling a large number of open positions...
View definitionVoluntary Provident Fund (VPF)
Introduction to Voluntary Provident Fund (VPF) The Voluntary Provident Fund (VPF) is a retirement savings scheme, predominantly utilized within the Indian payroll and taxation system, that allows empl...
View definition