Difference between revisions of "Employee Remunerations"
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| − | + | [[Employee Remunerations]] (hereinafter, the ''Lectio'') is the fifth [[lectio|lesson part]] of the '''[[Employment Essentials]]''' [[lesson]] that introduces its participants to [[employment]] and related topics. | |
| + | |||
| + | [[File:Educaship-pipeline.png|400px|thumb|[[WorldOpp Pipeline]]]]This ''lesson'' belongs to the [[Introduction to Employment]] session of [[EmployableU Concepts]]. | ||
==Content== | ==Content== | ||
| − | The predecessor [[lectio]] is [[ | + | The predecessor [[lectio]] is [[Student Workers]]. |
| − | === | + | ===Script=== |
| − | :[[ | + | :[[Employee compensation]] frequently includes [[cash remuneration]] and [[employee benefit]]s. |
| − | + | ||
| + | :In the [[United States]], the cash part must include the [[guaranteed pay]] such as [[wages]] or [[salary]]. ''Wages'' are paid per hour, while ''salary'' represents an annual pay. ''Cash remuneration'' may also include [[variable pay]] such as commissions, incentives, and [[bonus]]es, as well as [[cash allowance]]s, for instance, to cover transportation expenses. | ||
| + | |||
| + | :Because of complexity of [[labor law]]s, many American companies hire [[payroll service provider]]s to process their [[payroll]]. | ||
| + | |||
| + | :The ''benefits'' may include [[paid time off]], [[retirement plan]], [[medical insurance]], [[life insurance]], [[disability insurance]], [[take-resource benefit]] such as a take-home car, snacks, and tickets, as well as [[equity-based compensation]] such as [[employee stock ownership plan]]s. | ||
| − | + | :While having unstable or insufficient cash flows, [[startup business]]es sometimes offer deferred cash payments or condition their payment on availability of funds. To comply with the [[labor law]], they must offer guaranteed cash payments, but try to keep them as low as possible. To attract highly-skilled and over-performing workers, they need to offer generous ownership options. | |
| − | : | ||
| − | : | + | :[[Remuneration]] is a historical name of ''employee compensation''. This name arrived from Latin ''remunerari'', in which the prefix, ''re-'', is for ''back'' and the root, ''-munerari'', is for ''give'', ''serve'', and ''act on duty''. The word ''municipal'' arrived from the same root. So, ''remuneration'' literally means ''pay back for the service''. |
| − | : | + | :Although [[volunteer]]s compose [[CNMCyber Team]], which is the core of the [[CNMCyber Workforce]], most of the workers who work on [[CNMCyber]] get paid. |
| − | : | + | ===Key terms=== |
| + | :[[Employee compensation]], [[cash remuneration]], [[employee benefit]], [[payroll service provider]], [[payroll]], [[wages]], [[salary]] | ||
| − | : | + | ===Closing=== |
| + | :Is the difference between [[cash remuneration]] and benefits explained well? --Yes/No/No opinion for now | ||
| − | |||
| − | |||
'''[[Labor Relations]]''' is the successor [[lectio]]. | '''[[Labor Relations]]''' is the successor [[lectio]]. | ||
| − | == | + | ==Questions== |
| + | |||
| + | ===Placement entrance exam=== | ||
Latest revision as of 21:30, 29 October 2023
Employee Remunerations (hereinafter, the Lectio) is the fifth lesson part of the Employment Essentials lesson that introduces its participants to employment and related topics.
This lesson belongs to the Introduction to Employment session of EmployableU Concepts.
Content
The predecessor lectio is Student Workers.
Script
- Employee compensation frequently includes cash remuneration and employee benefits.
- In the United States, the cash part must include the guaranteed pay such as wages or salary. Wages are paid per hour, while salary represents an annual pay. Cash remuneration may also include variable pay such as commissions, incentives, and bonuses, as well as cash allowances, for instance, to cover transportation expenses.
- Because of complexity of labor laws, many American companies hire payroll service providers to process their payroll.
- The benefits may include paid time off, retirement plan, medical insurance, life insurance, disability insurance, take-resource benefit such as a take-home car, snacks, and tickets, as well as equity-based compensation such as employee stock ownership plans.
- While having unstable or insufficient cash flows, startup businesses sometimes offer deferred cash payments or condition their payment on availability of funds. To comply with the labor law, they must offer guaranteed cash payments, but try to keep them as low as possible. To attract highly-skilled and over-performing workers, they need to offer generous ownership options.
- Remuneration is a historical name of employee compensation. This name arrived from Latin remunerari, in which the prefix, re-, is for back and the root, -munerari, is for give, serve, and act on duty. The word municipal arrived from the same root. So, remuneration literally means pay back for the service.
- Although volunteers compose CNMCyber Team, which is the core of the CNMCyber Workforce, most of the workers who work on CNMCyber get paid.
Key terms
- Employee compensation, cash remuneration, employee benefit, payroll service provider, payroll, wages, salary
Closing
- Is the difference between cash remuneration and benefits explained well? --Yes/No/No opinion for now
Labor Relations is the successor lectio.
