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Compensation can be fixed and/or variable, and is often both. Variable pay is based on the performance of the employee. Commissions, incentives, and bonuses are forms of variable pay. [2] Benefits can also be divided into company-paid and employee-paid. Some, such as holiday pay, vacation pay, etc., are usually paid for by the firm. Others are ...
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The term job search engine might refer to a job board with a search engine style interface, or to a web site that actually indexes and searches other web sites. Niche job boards are starting to play a bigger role in providing more targeted job vacancies and employees to the candidate and the employer respectively.
In a salary sacrifice arrangement an employee gives up the right to part of the cash remuneration due under their contract of employment. Usually the sacrifice is made in return for the employer's agreement to provide them with some form of non-cash benefit. The most popular types of salary sacrifice benefits include childcare vouchers and ...
The payroll module automates the pay process by gathering data on employee time and attendance, calculating various deductions and taxes, and generating periodic pay cheques and employee tax reports. Data is generally fed from human resources and timekeeping modules to calculate automatic deposit and manual cheque writing capabilities.
"A fair day's pay for a fair day's work" vs "Abolition of the Wages System", One Big Union, May 1919 A fair day's wage for a fair day's work is an objective of the labor movement, trade unions and other workers' groups, to increase pay, and adopt reasonable hours of work.
A compa-ratio of 1.00 or 100% means that the employee is paid exactly what the industry average pays and is at the midpoint for the salary range. A ratio of 0.75 means that the employee is paid 25% below the industry average and is at risk of seeking employment with competitors at a higher pay that is perceived as equitable.