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HR & Payroll Lexicon

The Complete HR & Payroll Glossary

Clear, concise definitions for over 240+ employment laws, tax acronyms, benefits terms, and HR acronyms.

Affordable Care Act (ACA)

Comprehensive healthcare reform legislation enacted in 2010 requiring applicable large employers (ALEs) to offer affordable health coverage.

Exempt vs. Non-Exempt Employee

The classification of employees determining whether they are entitled to overtime pay under the Fair Labor Standards Act.

Fair Labor Standards Act (FLSA)

Federal law establishing minimum wage, overtime pay eligibility, recordkeeping, and youth employment standards.

Family and Medical Leave Act (FMLA)

Federal labor law granting eligible employees up to 12 weeks of unpaid, job-protected leave per year.

Form W-2 vs. Form 1099-NEC

Tax forms distinguishing traditional statutory employees (W-2) from independent contractors (1099-NEC).