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  2. Payroll - Wikipedia

    en.wikipedia.org/wiki/Payroll

    Weekly — 31.8% — Fifty-two 40-hour pay periods per year and include one 40 hour work week for overtime calculations. Biweekly — 45.7% — Twenty-six 80-hour pay periods per year, consisting of two 40 hour work weeks for overtime calculations. Semi-monthly — 18.0% — Twenty-four pay periods per year with two pay dates per month.

  3. Predetermined motion time system - Wikipedia

    en.wikipedia.org/wiki/Predetermined_motion_time...

    Most predetermined motion time systems (MTM and MOST) use time measurement units (TMU) instead of seconds for measuring time. One TMU is defined to be 0.00001 hours, or 0.036 seconds according to MTM100 and 0.0000083 hours, or 0.030 seconds according to BS100. [1] These smaller units allow for more accurate calculations without the use of decimals.

  4. Piece work - Wikipedia

    en.wikipedia.org/wiki/Piece_work

    When paying a worker, employers can use various methods and combinations of methods. [2] Some of the most prevalent methods are: wage by the hour (known as "time work"); annual salary; salary plus commission (common in sales jobs); base salary or hourly wages plus gratuities (common in service industries); salary plus a possible bonus (used for some managerial or executive positions); salary ...

  5. Salary - Wikipedia

    en.wikipedia.org/wiki/Salary

    It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll ...

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  7. General Schedule (US civil service pay scale) - Wikipedia

    en.wikipedia.org/wiki/General_Schedule_(US_civil...

    In these cases, the employee must complete the full waiting period for the new step, 104 weeks for steps 4-6 or 156 weeks for steps 7-9. However, the time an employee has already waited is not lost; it continues to count towards the waiting period for the next step increase.

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