A Floating Holiday refers to a flexible day off that employees can take at their discretion, typically outside the regular public holidays. Unlike fixed holidays, which are predetermined, floating holidays allow employees to choose when they want to observe them. This policy offers flexibility to accommodate diverse cultural or religious observances, personal preferences, or specific needs.

Five Factor Model is a theory based upon the Big Five personality traits, identified as openness to new experiences, conscientiousness, extra version, agreeableness, and neuroticism. These traits represent stable individual differences (an individual may be high or low on a trait as compared to others) in the thoughts people have, the feelings they experience, and their behaviours. Each trait can be broken down into sub-traits, allowing minor variations in personalities to be standardized and tracked.

Factor comparison is systematic and scientific method designed to carry out job evaluation which instead of ranking job as a whole, ranks according to a series of factors. The aim of factor comparison is to assign financial value to the relative parts of each job role.