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A typical description of the salaryman is a male white-collar employee who typically earns his salary "based on individual abilities rather than on seniority." [4] Companies typically hire the salarymen straight out of high school, and they are expected to stay with the company until retirement, around the ages of 55 or 60. As a reward for ...
Salary surveys provide data on salaries for specific jobs throughout the market. Organizations may use salary survey data to develop and update their compensation packages. [ 9 ] Individuals may use salary survey data in salary negotiations.
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
The pay scale was originally created with the purpose of keeping federal salaries in line with equivalent private sector jobs. Although never the intent, the GS pay scale does a good job of ensuring equal pay for equal work by reducing pay gaps between men, women, and minorities, in accordance with another, separate law, the Equal Pay Act of 1963.
Wages and salaries in cash consist of such amounts payable at regular intervals, such as weekly, monthly or other intervals, including payments by results and piecework payments; plus allowances, such as those for working overtime; plus amounts paid to employees away from work for short periods (e.g., on holiday, sick leave, etc.); plus ad hoc ...
The bonus amount varies from company to company and from year to year, but is generally several months' salary. For example, the 2012 summer bonuses for Japan Airlines employees were equivalent to two months' pay, while All Nippon Airways paid the equivalent of six weeks' pay. [ 2 ]
In the standard model, workers receive two fairly large bonuses as well as their regular salary, one mid-year and the other at year's end. In 1988 workers in large companies received bonuses equivalent to their pay for 1.9 months while workers in the smallest firms gained bonuses equal to 1.2 months' pay.
The lowest salaries for Chief Ministers are found in Nagaland and Tripura, with ₹110,000 (US$1,300) and ₹105,000 (US$1,300) respectively. The salaries of Members of the Legislative Assembly (MLAs) and Members of the Legislative Council (MLCs) also vary by state.