Luxury Lexicon 18 terms
Employment terms
Terms that Canadian employers use for benefits, qualifications, hours and working arrangements.
B
- Background check
- A background check verifies selected information about a candidate before employment.
- Bilingual
- A bilingual job requires or values the ability to use two languages in the work.
C
- Co-op placement
- A co-op placement is a period of work completed as part of a co-operative education program.
- Counter manager
- A counter manager leads the sales and day-to-day operation of a brand’s counter inside a host retailer.
E
- EAP
- Employee assistance program: employer-arranged support for personal or work-related concerns, with services that vary by provider.
- Employee referral
- A current employee’s recommendation of someone for a role, which the employer may reward with a bonus if that person is hired.
F
- Fixed-term contract
- A fixed-term contract is an employment agreement with an agreed end point.
- FTE
- Full-time equivalent: a way to express working time as a proportion of a defined full-time workload.
H
- HRIS
- Human resources information system: software used to maintain employee records and support personnel processes.
- Hybrid work
- A working pattern that combines time at the employer’s premises with remote work, usually from home.
K
- Keyholder
- A store employee authorized to open or close the premises and carry out the associated security procedures.
L
- Long-term disability insurance
- Long-term disability insurance replaces part of a person’s income when illness or injury prevents them from working and the policy’s conditions are met.
O
- Open availability
- Open availability means a person can be scheduled across the days and shifts specified by the employer.
P
- Paid time off (PTO)
- Paid time off is an employer’s term for time away from work during which an employee continues to receive pay.
R
- RRSP
- A registered retirement savings plan is a Canadian savings plan registered with the Canada Revenue Agency.
S
- Succession planning
- Preparing people to take on important roles when their current holders move or leave.
V
- Vacation time
- Vacation time is the time away from work that an employee can take as vacation.
W
- Work authorization
- Work authorization is the legal permission a person has to undertake a particular job in Canada.