Difference between revisions of "Employee Remunerations"

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===Script===
 
===Script===
:Upon successful completion of the [[CNM Cyber Orientation]], you will be granted [[access]] to [[CNM Cyber in-house service]]s. This ''access'' is both free-of-charge and free of any commitment. 
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:[[Employee compensation]] frequently includes [[cash compensation]] and [[employee benefit]]s.
  
: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.
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:In the [[United States]], the cash part must include the [[guaranteed pay]] such as [[wages]] or [[salary]]. It may also include [[variable pay]] such as commissions, incentives, and [[bonus]]es, as well as [[cash allowance]]s, for instance, to cover transportation expenses.
  
: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 [[apprentice]]s within 2-3 months in the ''programme''. It takes 2-3 years to be competitive for well-paying jobs.
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: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.
  
:Currently, there is a $100 bonus payable to anyone who refers a [[WorldOpp fellow]] upon his or her admission to the [[WorldOpp]] programme.
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:While having unstable or insufficient cash flows, [[startup business]]es often 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. At the same time, they offer generous ownership options to attract workers.  
 
 
: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 [[Careerprise partner|partner]],  [[Careerprise contractor|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]].
 
'''[[Labor Relations]]''' is the successor [[lectio]].
  
 
==Quiz==
 
==Quiz==

Revision as of 23:30, 3 May 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.


Content

The predecessor lectio is Student Workers.

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.

Script

Employee compensation frequently includes cash compensation and employee benefits.
In the United States, the cash part must include the guaranteed pay such as wages or salary. It may also include variable pay such as commissions, incentives, and bonuses, as well as cash allowances, for instance, to cover transportation expenses.
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 often 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. At the same time, they offer generous ownership options to attract workers.

Labor Relations is the successor lectio.

Quiz