Recruitment glossary

What is Minimum Wage?

Browse all glossary terms

Minimum Wage is the lowest remuneration that an organisation can legally pay their employees.

Related terms

Browse recruitment glossary
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 …

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 …

Application management
What is Redundancy?

Redundancy occures when an employer reduces their workforce because a job or jobs are no longer needed.

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