A bonus is a form of financial compensation paid to an employee in addition to their regular salary or wages. The purpose of a bonus is to recognize and reward employees for their exceptional performance or results. Bonuses are typically paid out in cash, but they can also be paid in stock or other forms … Read more
Understanding Causes, Types, Measurement. What is unemployment? Unemployment is a term used to describe when people are out of work and actively seeking employment. There are several different types of unemployment, and it can be measured in different ways. What is the measurement of unemployment? The measurement of unemployment is the number of unemployed persons … Read more
Repricing is the process of resetting the price of a product or service in order to remain competitive or to respond to changes in the market. This can be done on a regular basis, in response to changes in demand or costs, or in reaction to a one-time event. What’s the meaning of backdating? Backdating … Read more
Stipend: What It Is, How It Works, Types, and Example Is a stipend a bonus? No, a stipend is not a bonus. A stipend is a fixed sum of money that is paid periodically (usually on a monthly or bi-weekly basis) to cover living expenses and/or other costs related to your employment. Bonuses, on the … Read more
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
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
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 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
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
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
