Difference between revisions of "Employee Remunerations"
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===Key terms=== | ===Key terms=== | ||
| − | :[[ | + | :'''[[Employee compensation]]''' ([[Employee compensation|total compensation]], [[Employee compensation|total employee compensation]], [[Employee compensation|compensation and benefits]] or [[Employee compensation|C&B]]) is the aggregate of [[cash compensation]] 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;"> |
| − | :*</div> | + | :*'''[[Cash compensation]]'''. 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 compensation]] 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 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> | ||
===Script=== | ===Script=== | ||
Revision as of 20:48, 30 April 2020
Employee Compensations (hereinafter, the Lectio) is the second 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 the CNM Cyber Orientation. The Orientation is the second stage of the WorldOpp Pipeline.
Contents
Content
The predecessor lectio is Work Sellers.
Key terms
- Employee compensation (total compensation, total employee compensation, compensation and benefits or C&B) is the aggregate of cash compensation and employee benefits 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.
- Cash compensation. 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 compensation 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 bonuses.
- Employee benefit. 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. 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.
Script
- Upon successful completion of the CNM Cyber Orientation, you will be granted access to CNM Cyber in-house services. This access is both free-of-charge and free of any commitment.
- If you are interested in either becoming a WorldOpp fellow or joining the CNM IT Taskforce, you would be able to enroll in the CNM Cyber Placement. The Taskforce's onboarding for a newbie to the digital industry usually lasts 3-5 weeks. The others can make it faster.
- The fellows land their jobs through the WorldOpp Pipeline programme. If they start from ground zero, dedicate at least 20 hours a week, they land initial jobs as apprentices within 2-3 months in the programme. It takes 2-3 years to be competitive for well-paying jobs.
- Currently, there is a $100 bonus payable to anyone who refers a WorldOpp fellow upon his or her admission to the WorldOpp programme.
- If you are not interested in enrolling in the CNM Cyber Placement upon your completion of the Orientation, you are welcome to utilize CNM Cyber for their career enhancement, become a partner, contractor, or volunteer mentor for CNM Cyber Team, as well as just do nothing.
- Whomever you choose to be within the CNM Cyber Workforce, the Orientation will provide you with detailed instructions how to make that real.
Labor Relations is the successor lectio.
