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A Health Reimbursement Arrangement, also known as a Health Reimbursement Account (HRA), [1] is a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses and, in limited cases, to pay for health insurance plan premiums.
Base Salary or Guaranteed Pay – a fixed monetary reward paid by an employer to an employee. This refers to the regular amount of money that an employee receives consistently. The basic salary, often referred to as the base or fixed salary, is the set amount that an employee receives for their standard work.
It is calculated by adding salary to the cost of all additional benefits an employee receives during the service period. If an employee's salary is £50,000 and the company pays an additional £5,000 for their health insurance, the CTC is £55,000. Employees may not directly receive the CTC amount. [1] [2]
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The 3rd Central Pay Commission recommended payment of DA whenever the CPI rose by 8 points over the index of 200 (with base 1960 = 100). The extent of neutralization granted with effect from 1 January 1973 ranged from 100% to 35%. The 4th Central Pay Commission recommended the grant of DA on a 'percentage system' of the basic pay (1986). It ...
Alaska. Minimum hourly wage: $10.19 Annual income on the minimum wage: $21,195.20 Monthly rent one person can afford on minimum wage: $457.27 Average studio rent: $911 Average one-bedroom rent ...
Wyoming. Median rent: $1,119 Monthly income needed: $3,730 Annual income needed: $44,760 Methodology: GOBankingRates calculated the salary needed to afford rent in every state by using the budget ...
The human resource process was established to fulfill a number of objectives within the organization. These include: To furnish cost value information for making proper and effective management decisions about acquiring, allocating, developing, and maintaining human resources in order to achieve cost effective organizational objectives.
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