Examples of salary in the following topics:
- Wages are given to workers whereas salaries are given to employees.
- Salaries are often seen as part of a "total rewards" system that includes benefits and perquisites.
- From a business point of view, salary can be deemed as the cost of acquiring human resources for running operations and is then termed personnel expense or salary expense.
- In accounting practice, salaries are typically recorded in payroll accounts.
- Today, the idea of a salary continues to evolve as part of a system of all the combined rewards that employers offer to employees.
- perquisite (noun) Any monetary or other incidental benefit beyond salary.
- salary (noun) A fixed amount of money paid to a worker, usually measured on a monthly or annual basis, not hourly, as wages.
Implies a degree of professionalism and/or autonomy.
- Salary packaging often occurs if there are tax benefits for the employer or employee from such an arrangement.
- Salary packaging (also known as salary sacrifice or salary exchange) is a term used to refer to the inclusion of employee benefits in an employee remuneration package in exchange for giving up part of monetary salary.
- Salary packaging (also known as salary sacrifice or salary exchange) is a term used to refer to the inclusion of employee benefits (also called fringe benefits) in an employee remuneration package in exchange for giving up part of monetary salary.
- Salary sacrifice is also commonly used to fund the introduction of flexible benefit plans in the United Kingdom.
- Items commonly salary packaged include vehicles (either a company car or through a novated lease), mobile phones, and laptop computers.
- salary packaging (noun) Refers to the inclusion of employee benefits (also called fringe benefits) in an employee remuneration package in exchange for giving up part of monetary salary, often for tax purposes.
- Employee benefits (noun) Non-salary or wage benefits that are paid for in whole or in part by the employer.
- Explain selling, general and administrative expenses (G&A)
GA represent expenses to manage the business, such as salaries, legal and professional fees, utilities, insurance, depreciation, etc.
- Administration: Executive salaries and general support and all associated taxes related to the overall administration of the company.
- Examples include rent, electricity, communications, office supplies and furniture, executive salaries, etc.
- " GA includes office rent, heat and air conditioning, electricity, phones/broadband, computer equipment, software, office supplies, furniture, executive and administrative salaries and expenses, outside accounting fees, legal expenses, subscriptions, advertising, non-job insurance, and similar items associated with operating your business (i.e., just about every expense that would continue even if you had no jobs under construction).
- General and Administrative Expenses (noun) represent expenses to manage the business (salaries of officers / executives, legal and professional fees, utilities, insurance, depreciation of office building and equipment, office rents, office supplies, etc.)
- A person's promotion can involve advancement in several areas including: designation, salary and benefits, and the type of job activities they have to perform.
- A military organizational chart
A promotion can involve advancement in terms of designation, salary, and benefits.
- The amount of salary increase associated with a promotion varies between industries and sectors, and depends on what parts of the hierarchical ladder an employee is moving.
- In some industries or sectors, there may be only a modest increase in salary for a promotions; in other fields, a promotion may substantially increase an employee's salary.
- In some not-for-profit organizations, the values of the organization or the tightness of funding may result in there being only modest salary increases associated with a promotion.
- Companies should have well-designed base salaries.
- Depending on work performance, many companies reward their employees without affecting base salary.
- Some US companies select to announce salary ranges.
- For example, for each position American Express posts the market pay ranges so that its employees can compare them with their salaries.
- Some companies disclose the formula and the factors they may use to calculate salaries, such as education and experience.
- While women's salaries when compared to men's have seen a dramatic increase since the Equal Pay Act was implemented, the act's goal of equal pay for equal work still has not been completely achieved.
- Based on this, both Charlie and Lucy should receive equal salaries as they are doing what is considered "substantially equal work.
According to the Bureau of Labor Statistics, women's salaries vis-à-vis men's have risen dramatically since the EPA's enactment, from 62% of men's earnings in 1970 to 80% in 2004.
- Factor 2: Hygiene factors such as status, job security and salary do not themselves create positive satisfaction, but their absence can cause dissatisfaction.
- According to Herzberg, individuals are not content with the satisfaction of lower-order needs at work such as minimum salary levels or safe and pleasant working conditions.
- Instead, dissatisfaction results from unfavorable assessments of such job-related factors as company policies, supervision, technical problems, salary, interpersonal relations on the job, and working conditions.
- Hygiene factors (e.g. status, job security, salary, fringe benefits, work conditions) that do not give positive satisfaction, though dissatisfaction results from their absence.
- These are extrinsic to the work itself, and include aspects such as company policies, supervisory practices, or wages/salary.
- Under a lockstep compensation system, salaries are based purely on seniority within an organization.
- Renumeration systems are procedures for determining an employee's salary.
- For example, lockstep compensation is a system of remuneration in which the employees' salaries are based purely on their seniority within the organization.
- remuneration (noun) a payment for work done; wages, salary, emolument
- It is typically a mixture of salary, bonuses, shares of and call options on the company stock, benefits, and perquisites.
- It is typically a mixture of salary, bonuses, shares of and call options on the company stock, benefits, and perquisites, ideally configured to take into account government regulations, tax law, the desires of the organization and the executive, and rewards for performance.
- In general, the compensation of CEOs in the United States has risen to over 400 times the salary of the average U.S. worker, compared to about 30 times only a few decades ago .
- The compensation of CEOs in the United States has risen to over 400 times the salary of the average U.S. worker, compared to about 30 times only a few decades ago.
- Outcomes, on the other hand, include salary, benefits, job security, reputation, sense of achievement, gratitude, etc.
- For example, if an employee was given a salary increase but a peer was given a larger salary increase for the same amount of work, the first employee would evaluate this change, perceive an inequality, and be distressed.
- However, if the first employee perceived the other employee being given more responsibility and therefore relatively more work along with the salary increase, then the first employee may evaluate the change, conclude that there was no loss in equality status, and not resist the change.
- Typical outcomes include:
Sense of achievement
Individuals will try to maximize their outcomes.