Collective Bargaining.

Collective bargaining is a process of negotiation between employees and employers, usually conducted by trade unions, in order to set wages and other conditions of employment. Who can participate in collective bargaining? Collective bargaining is a process in which employees and employers negotiate the terms of employment, including wages, hours, and working conditions. The bargaining … Read more

Pink Slip.

A pink slip is a notice of termination of employment. The term comes from the pink paper that was historically used to give notice of termination of employment. Do I need pink slip NSW? No, you do not need a pink slip in New South Wales. Is being terminated the same as being fired? No, … Read more

Burden Rate.

A burden rate is the percentage of an employee’s salary that is attributable to benefits and other indirect costs. The burden rate is used to calculate the true cost of an employee to a company, and is often used in pricing decisions and budgeting. Are employees considered overhead? In general, employees are considered part of … Read more

Performance-Based Compensation.

Performance-based compensation is a type of pay or benefits given to employees based on their performance. This can include bonuses, raises, or other types of financial incentives. The goal of performance-based compensation is to motivate employees to improve their performance and help the company reach its goals. What is a good merit increase in 2022? … Read more

Break In Service.

Break In Service: There are times when an employee may need to take a leave of absence from their job. This could be for personal reasons, such as maternity leave, or for medical reasons. If an employee takes a leave of absence, they may have a break in service. This means that there is a … Read more

What Is Accelerated Vesting?

Accelerated vesting is a process by which an employee’s rights to company stock or other benefits vest more quickly than they would under normal circumstances. This can be done for a variety of reasons, such as to encourage key employees to stay with the company or to align their interests more closely with those of … Read more

What Is an Aguinaldo?

An aguinaldo is a holiday bonus paid to employees in many Latin American countries. The bonus is typically a month’s salary, and is paid out in the month of December. In some countries, the bonus is pro-rated based on how long the employee has been with the company. What is aguinaldo gift? In many Spanish-speaking … Read more

What Is a Performance Bonus.

A performance bonus is a type of compensation paid to an employee based on their individual performance or contribution to the company. This type of bonus can be awarded in addition to an employee’s regular salary or wages, or as a standalone bonus. Performance bonuses are typically given out at the end of a fiscal … Read more

Honorarium.

An honorarium is a payment made to someone for a service that is rendered, but for which no set fee has been established. The payment is usually made in recognition of the person’s expertise or for the time and effort expended on the project. Honoraria are generally considered to be taxable income. What is an … Read more