Difference between revisions of "Employee Remunerations"

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:[[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]], most of the workers who work on [[CNM Cyber]] get paid.
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: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.
  
 
'''[[Labor Relations]]''' is the successor [[lectio]].
 
'''[[Labor Relations]]''' is the successor [[lectio]].

Revision as of 19:12, 17 July 2020

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 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 (remuneration, total compensation, total employee compensation, compensation and benefits or C&B) is the aggregate of cash remuneration 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 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 the CNM Cyber Team, which is the core of the CNM Cyber Workforce, most of the workers who work on CNM Cyber get paid.

Labor Relations is the successor lectio.

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