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 all 691 terms
Candidate Pipeline
Candidate Pipeline A candidate pipeline (often referred to as a talent pipeline) is a proactive human resources and recruitment strategy involving the continuous creation and management of a pool of h...
View definitionCandidate Screening
Understanding Candidate Screening in Human Resources Candidate Screening is a fundamental phase in the talent acquisition and recruitment process wherein human resources (HR) professionals and recruit...
View definitionCandidate Sourcing
Understanding Candidate Sourcing Candidate sourcing is a fundamental human resources (HR) and talent acquisition strategy that involves the proactive identification, research, and engagement of qualif...
View definitionCARO 2020 (The Companies Auditor's Report Order)
Overview of the Companies (Auditor's Report) Order, 2020 The Companies (Auditor's Report) Order, 2020 , commonly referred to as CARO 2020 , is a mandatory regulatory reporting framework introduced by ...
View definitionCarve-out Services
Carve-out Services Carve-out services refer to the specialized, often external, provision of specific business functions or processes that are separated (carved out) from a company’s core operations...
View definitionCase Study Interview
Overview and Definition A Case Study Interview (frequently referred to simply as a "case interview") is a specialized assessment method used during the recruitment process in which a candidate is pres...
View definitionCash Accounting
Cash Accounting Cash accounting is a method of bookkeeping where income and expenses are recognized and recorded when cash is actually received or disbursed.
View definitionCash Flow Statement
Cash Flow Statement A Cash Flow Statement , also known as a statement of cash flows, is one of the three core financial statements of a business, alongside the balance sheet and the income statement.
View definitionCash Management
Cash Management Cash management refers to the comprehensive process of managing a company’s cash and cash equivalents to ensure it has sufficient liquidity to meet its short-term obligations,...
View definitionCasual Leave (CL)
Casual Leave (CL) Casual Leave (CL) is a type of paid leave granted to employees for short, unforeseen, or urgent personal reasons that cannot be planned in advance.
View definitionCGST (Central Goods and Services Tax)
CGST (Central Goods and Services Tax) Central Goods and Services Tax (CGST) is a direct tax levied by the Central Government of India on the intra-state supply of goods and services.
View definitionChart of Accounts (COA)
Chart of Accounts (COA): The Backbone of Financial Reporting The Chart of Accounts (COA) is a systematic listing of all the accounts used by an organization to record its financial transactions.
View definitionCIN (Corporate Identity Number)
Understanding the Corporate Identity Number (CIN) The Corporate Identity Number (CIN) is a unique, 21-character alphanumeric code assigned by the Registrar of Companies (RoC) in India to every...
View definitionClosure of Factory, Offices
Understanding the Term: Closure of Factories and Offices In the realm of Human Resources and corporate management, the Closure of a Factory or Office refers to the deliberate, temporary, or permanent ...
View definitionCloud Accounting
Cloud Accounting Cloud accounting refers to the practice of using accounting software and services that are hosted on remote servers and accessed over the internet, rather than installed locally on a...
View definitionCode of Conduct
Code of Conduct A Code of Conduct (also known as a code of ethics or code of practice) is a set of principles, rules, and values that guides the behavior and decision-making of individuals within an...
View definitioncode on social security
Introduction and Definition The Code on Social Security is a sweeping piece of labor legislation, most notably recognized as the Code on Social Security, 2020 enacted by the Government of India. In th...
View definitionCode on Social Security, 2020
What is the Code on Social Security, 2020?
View definitioncode on wages
Definition and Overview The Code on Wages is a comprehensive statutory framework designed to regulate, standardize, and govern the payment of wages, bonuses, and remuneration across all sectors of emp...
View definitionCode on Wages, 2019
Understanding the Code on Wages, 2019: A Core Definition The Code on Wages, 2019 (often abbreviated as CoW 2019) is a landmark piece of labor legislation in India, designed to consolidate and amend...
View definitionCoding Test
A coding test (also known as a technical assessment or programming challenge) is a standardized pre-employment evaluation utilized by Human Resources (HR) and technical hiring managers to measure a ca...
View definitionCollections Management
Collections Management Collections management refers to the systematic process of acquiring, cataloging, preserving, securing, and making accessible the items within a collection.
View definitionCollective Bargaining
Collective Bargaining Definition and Core Concept Collective Bargaining is the systematic process of negotiation between an employer (or group of employers) and a group of employees—typically...
View definitionCommission Structure
Commission Structure A commission structure is a compensation plan where employees, typically in sales or service roles, earn a portion of their income based on their performance, usually tied to the...
View definitionCompanies Act, 2013
Companies Act, 2013 The Companies Act, 2013 is a landmark piece of legislation passed by the Parliament of India that governs the incorporation, management, responsibilities, and dissolution of compan...
View definitionCompensation & Negotiation
What is Compensation & Negotiation in Human Resources? In the realm of Human Resources (HR), Compensation & Negotiation refers to the strategic process of defining, communicating, and agreeing upon th...
View definitionCompensation and Benefits (C&B)
Compensation and Benefits (C&B) Compensation and Benefits (C&B) , often referred to as Total Rewards, encompasses all forms of monetary payments and non-monetary rewards provided to employees in...
View definitionCompensation Benchmarking
Compensation Benchmarking Compensation benchmarking is a process used by organizations to compare their employee pay and benefits packages against those offered by other companies in a similar...
View definitionCompetency Mapping
Competency Mapping Overview and Definition Competency Mapping is a strategic Human Resources (HR) process that involves identifying, defining, and analyzing the specific key skills, knowledge,...
View definitionCompliance Calendar
Overview and Core Definition A compliance calendar is a specialized, proactive scheduling and risk-management tool used primarily by Human Resources (HR), legal, and finance teams to track, manage, an...
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