AFP

AFP stands for “Accrued Final Pay.” It refers to the total amount of compensation that an employee is entitled to receive upon termination of employment, encompassing unpaid wages, earned vacation and sick leave, bonuses, and any other benefits accrued during their period of employment. The AFP is significant in human resources as it ensures that employees receive their rightful entitlements before leaving the organization. Proper calculation and communication of AFP can help maintain a positive relationship between the employer and the departing employee.