Glossary

Explore key terms and concepts in staffing, recruiting, compliance, and modern workforce management.

All
#
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Generic filters

Popular Terms

agent of record (AOR)

A company that acts as an administrative buffer between a staffing company or employer and one or more independent contractors. An agent of record helps with back-office functions that involve hiring contractors and can charge for their services. AOR assist independent contractors and their clients throughout the entire duration of a job, from start to finish.

employer of record (EOR)

An EOR serves as the legal employer for administrative purposes while a worker carries out their duties for an end-hirer. They assume legal and financial liability for workers and handle back-office functions like payroll and compliance so you don’t have to. Outsourcing to one of these partners allows your firm to maintain its focus on revenue-generating activities while expanding to new geographic markets.

independent contractor (IC)

A self-employed individual under contract to perform services for an organization. An IC may work as a freelance self-employed individual or as one hired through the intermediary of a single-person corporate entity. ICs are usually free to perform work as they see fit, with limited or no control over how the work is performed.

professional employer organization (PEO)

A firm that partners with clients to act as the legal employer for some, or all, of their core workforce. A PEO functions as a co-employer, taking on some of the responsibilities of an employer, including liability for certain employment practices.

#

A

agent of record (AOR)

applicant tracking software (ATS)

applicant tracking system (ATS)

See Also:

assignment

B

back-office

C

compliance

contemporary workforce

See Also:

contingent worker

contingent workforce

See Also:

contract administration

contract labor

contract worker

See Also:

contractor

See Also:

D

direct sourcing

E

employer of record (EOR)

enterprises

F

freelance worker

See Also:

freelancer management system (FMS)

G

gig economy

H

human capital management (HCM)

human cloud

human resources outsourcing (HRO)

I

indemnification agreement

independent contractor (IC)

independent worker

See Also:

J

K

L

labour leasing

M

managed service provider (MSP)

managed staffing provider (MSP)

See Also:

mass talent firms

N

O

offboarding

onboarding

online platform (OLP)

P

payroll factoring

payroll financing

payroll funding

premium

professional employer organization (PEO)

professional services firms

Q

quality assurance database (QA Database)

R

recruiting

recruitment process outsourcing (RPO)

request for proposal (RFP)

risk management

risk mitigation

S

search and recruiting firms

self-employed individual

staffing

staffing and recruiting industry

staffing firms

statement of work (SOW)

statutory paid time off (SPTO)

T

talent

talent procurement

talent supplier

U

V

vendor management software (VMS)

vendor management system (VMS)

See Also:

verification of employment (VOE)

W

X

Y

Z

Search Results

Want to learn more?

Speak to an expert.

Connect with a People2.0 specialist to discuss your unique workforce needs and explore tailored solutions. 

Book a meeting