Mellow Media
Glossary

Glossary

What exactly is a “workation”? Ever wondered who “permalancers” and “moonlighters” are?
Discover the key terms defining the New Work era.
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Virtual Water Cooler

[ˈvɜrtʃuəl ˈwɔtər ˌkuːlər]

This digital platform mimics casual office interactions, allowing remote workers to socialize and build relationships. It helps maintain team cohesion and company culture in distributed work environments.

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Retro Pay

[ˌrɛtroʊˈæktɪv peɪ]

Retroactive pay corrects underpayments from earlier pay periods. It may be necessary due to payroll errors, rate changes, or contract revisions, ensuring employees receive full compensation for their work.

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Proximity Bias

[prɑkˈsɪməti ˈbaɪəs]

Proximity bias occurs when management perceives on-site employees as more valuable or hardworking than remote workers. This bias can impact performance evaluations, promotions, and team dynamics in hybrid work environments.

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PAYG Contractors

[peɪ æz jʊ ɡoʊ (peɪ eɪ waɪ dʒi) ˈkəntræktərz]

These freelancers bill for their services based on actual hours worked. Companies often use PAYG contractors for short-term projects or to fill temporary skill gaps.

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Non-Compete Agreement

[nɑn kəmˈpiːt əˈgriːmənt]

This agreement prohibits employees or contractors from competing with the company during and after their employment. It may restrict working for competitors or starting similar businesses for a specified period.

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Agency of Record (AOR)

[ˈeɪdʒənsi əv ˈrɛkərd]

A third-party entity responsible for managing the compliance and administration of independent contractors.

The AOR ensures the correct classification of workers, manages contracts and agreements, handles onboarding processes, acts as an intermediary throughout the engagement, and oversees the payment process. The primary goal is to mitigate risks associated with worker misclassification and ensure all regulatory and tax considerations are met.

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