Difference between revisions of "Employee Remunerations"

From CNM Wiki
Jump to: navigation, search
(Placement entrance exam)
 
(15 intermediate revisions by 2 users not shown)
Line 1: Line 1:
 
[[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.
 
[[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 the [[CNM Cyber Orientation]]. The ''Orientation'' is the second stage of the [[WorldOpp Pipeline]].
+
[[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 [[Student Workers]].
 
The predecessor [[lectio]] is [[Student Workers]].
 
===Key terms===
 
:'''[[Employee compensation]]''' ([[remuneration]], [[Employee compensation|total compensation]], [[Employee compensation|total employee compensation]], [[Employee compensation|compensation and benefits]] or [[Employee compensation|C&B]]) is the aggregate of [[cash remuneration]] and [[employee benefit]]s that an [[employee]] receives or can expect to receive in exchange for the service he or she performs for their [[employer]] and/or for his or her time spent on the [[employer]]'s request. [[Total compensation]] may also refer to the total amount of [[employee compensation]].<div style="background-color:#efefef; padding: 5px; margin: 15px;">
 
:*'''[[Cash remuneration]]'''. Any monetary reward that an employee receives in exchange for the service he or she performs for their employer and/or for his or her time. Usually, [[cash remuneration]] includes some combination of (a) [[guaranteed pay]] such as wage/salary and/or cash allowances and/or (b) [[variable pay]] such as commissions, incentives, and/or [[bonus]]es.
 
:*'''[[Employee benefit]]'''. Any non-monetary reward that an [[employee]] receives in exchange for the service he or she performs for their [[employer]] and/or for his or her time. 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.</div>
 
 
*[[payroll service provider]]
 
*[[payroll]]
 
 
*[[wages]]
 
*[[salary]]
 
  
 
===Script===
 
===Script===
Line 31: Line 20:
 
:[[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''.
 
:[[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 the [[CNM Cyber Team]], which is the core of the [[CNM Cyber Workforce]], most of the workers who work on [[CNM Cyber]] get paid.
+
: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==
 
==Questions==
 
===Lectio quiz===
 
:The answer is recorded for the lectio completion purpose:
 
:*Is the difference between [[cash remuneration]] and benefits explained well? --Yes/No/I'm not sure/Let me think/Let's move on
 
  
 
===Placement entrance exam===
 
===Placement entrance exam===
:*(Not) all of the [[CNM Cyber Workforce]] are [[volunteers]].
 

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.

Questions

Placement entrance exam