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The Employee Retention Credit ( ERC ), sometimes called the Employee Retention Tax Credit ( ERTC ), [1] is a U.S. federal tax credit that was available to certain employers, most recently during the COVID-19 pandemic. It was originally designed to help employers who were not eligible for a Paycheck Protection Program loan, but it was later ...
The Federal Employees Pay Comparability Act of 1990 or FEPCA (H.R. 5241, Pub. L. Tooltip Public Law (United States) 101–509) is a United States federal law relating to the salaries for employees of the United States Government.
The Paycheck Protection Program ( PPP) is a $953-billion business loan program established by the United States federal government during the Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations ...
Employee retention is the ability of an organization to retain its employees and ensure sustainability. Employee retention can be represented by a simple statistic (for example, a retention rate of 80% usually indicates that an organization kept 80% of its employees in a given period).
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Turnover (employment) In human resources, turnover refers to employees who leave an organization. The turnover rate is the percentage of the total workforce who leave over a certain period. [1] Organizations and wider industries may measure their turnover rate during a fiscal or calendar year.
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