Ads
related to: why a career in human resources pay rate higher than regular- Resume Builder
Easily build a professional resume
using AI and our template library.
- Post Jobs
We'll match your job with the best
talent using 110,000+ data points.
- Career Advice
Access all articles & insider tips
for help in your job search.
- Job Search
Quickly find your dream job.
Search by title, location & more.
- Resume Builder
Search results
Results from the WOW.Com Content Network
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.
Thus, higher pay in some areas of the country is expected where the cost-of-living is higher while higher pay is also necessary to compensate for a less pleasant working environment. The rate of pay in the private sector represents (according to the hypothesis) the exact rate necessary to attract and retain staff.
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 ...
A career ladder or corporate ladder is a metaphor for job promotion. In business and human resources management, the career ladder typically describes the progression from entry level positions to higher levels of pay, skill, responsibility, or authority.
In a salary sacrifice arrangement an employee gives up the right to part of the cash remuneration due under their contract of employment. Usually the sacrifice is made in return for the employer's agreement to provide them with some form of non-cash benefit. The most popular types of salary sacrifice benefits include childcare vouchers and ...
There are several theories (or "microfoundations") of why managers pay efficiency wages: Avoiding shirking: If it is difficult to measure the quantity or quality of a worker's effort – and systems of piece rates or commissions are impossible, there may be an incentive for the worker to "shirk" (do less work than agreed).
Ads
related to: why a career in human resources pay rate higher than regular