HR Glossary

What is 13th Month Pay (Global)?

A mandatory or customary extra month's salary paid to employees in many countries, typically disbursed in December, separate from any performance-based bonus program.

Why it matters in hiring

13th Month Pay (Global) comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with #

• 1099 Form
• 30-60-90 Day Plan
• 360-Degree Feedback
• 360 Feedback
• 4-Day Work Week
• 401(k)
• 401(k) Compliance
• 403(b)

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.