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  2. Time-based currency - Wikipedia

    en.wikipedia.org/wiki/Time-based_currency

    While most time-based exchange systems are service exchanges in that most exchange involves the provision of services that can be measured in a time unit, it is also possible to exchange goods by 'pricing' them in terms of the average national hourly wage rate (e.g. if the average hourly rate is $20/hour, then a commodity valued at $20 in the ...

  3. Payroll - Wikipedia

    en.wikipedia.org/wiki/Payroll

    A wage garnishment is a court-ordered method of collecting overdue debts that require employers to withhold money from employee wages and then send it directly to the creditor. [13] Wage garnishments are post-tax deductions, meaning that these mandatory withholdings do not lower an employee's taxable income. [ 14 ]

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  5. Executive compensation - Wikipedia

    en.wikipedia.org/wiki/Executive_compensation

    Chinese private companies usually implement a performance-based compensation model, whereas State-owned enterprises apply a uniform salary-management system. Executive compensation for Chinese executives reached US$150 000 on average and increased by 9.1% in 2017.

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  7. Minimum acceptable rate of return - Wikipedia

    en.wikipedia.org/wiki/Minimum_acceptable_rate_of...

    In business and for engineering economics in both industrial engineering and civil engineering practice, the minimum acceptable rate of return, often abbreviated MARR, or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other projects. [1]

  8. Construction management - Wikipedia

    en.wikipedia.org/wiki/Construction_management

    A notice to proceed is when the owner gives permission to the contractor to begin their work on the project. The first step is to assign the project team which includes the project manager (PM), contract administrator, superintendent, and field engineer. [4] Project manager: The project manager is in charge of the project team.

  9. Efficiency wage - Wikipedia

    en.wikipedia.org/wiki/Efficiency_wage

    In labor economics, an efficiency wage is a wage paid in excess of the market-clearing wage to increase the labor productivity of workers. [1] Specifically, it points to the incentive for managers to pay their employees more than the market-clearing wage to increase their productivity or to reduce the costs associated with employee turnover .

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