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Drive employee performance – the basic idea is that if an employee knows that his/her bonus depend on the occurrence of a specific event (or paid according to performance, or if a certain goal is achieved), then the employee will do whatever he/she can to secure this event (or improve their performance, or achieve the desired goal). In other ...
Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...
The report led to a six percent increase in the cost of living allowance for central government employees from 16 percent to 22 percent. [ 3 ] The Sixth Central Pay Commission estimated that the financial implication of its recommendations would be "Rs.7975 crore for the year 2008 – 2009, and an additional, one time burden of Rs.18060 crore ...
In the British Raj, batta or bhatta or bat-ta was a banking term and a military term, meaning (i) an agio or disagio, (ii) a special allowance made to officers, soldiers, or other public servants in the field, and (iii) any additional or extra charge elsewhere. [1] The term is probably derived from Kannada bhatta (rice in the husk). [2]
Provident Fund is calculated 12% on the basic allowance plus the allowances received by all the employees across the board. The cap on the calculation of basic allowance is Rs. 15,000.00. Further, the basic plus the allowances received by all employees across the board should be considered for calculation of EPF wages, not the gross wages for ...
Modern sources maintain that although Roman soldiers were typically paid in coin, the word salarium is derived from the word sal (salt) because at some point a soldier's salary may have been an allowance for the purchase of salt [4] or the price of having soldiers conquer salt supplies and guard the Salt Roads (Via Salaria) that led to Rome.
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. [1]
Special Duty Allowance (SDA) is an allowance paid to officers of All India Services (AIS), including police officers, when posted in any of the seven states in Northeast India, and Ladakh, including in state capitals , and cities and towns like Guwahati, Aizawl, Shillong, Kohima,Leh and Kargil.