Recruitment glossary

What is a Fixed Term Contract (FTC)?

A fixed-term contract refers to a working relationship between employee and employer that only lasts for a specified period of time. The contracts automatically ends at the period noted in the contract and therefore doesn’t require any process to be initiated by either party. These contracts are mostly used during periods of absence of permanent staff including for maternity cover, illness or injury or where the role is attached to a short-term project. Full and part time employees hired under a fixed-term contract are still entitled to paid leave.


Application management
What is Superannuation?

Superannuation is an organisational pension program created by a company for the benefit of its employees.

Application management
What is Six Sigma?

Six Sigma is a set of management techniques intended to improve business processes by greatly reducing the probability that an …

Compliance
What is SMSF (Self Managed Superannuation Fund)?

SMSF (Self Managed Superannuation Fund) is a superannuation trust structure that provides benefits to its members upon retirement.The difference between …

Compliance
What is Reputation Management?

Reputation Management is the practice of attempting to shape public perception of an organization by influencing online information.

Application management
What is a PSA? Preferred Supplier

A Preferred Supplier Agreement, or PSA, is an agreement entered into by a company and one of their third party …

Application management
What is a Preferred Supplier List (PSL)?

A preferred supplier list (PSL) is a list that companies have of recruiters they prefer to deal with. Only agencies …

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