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Benefits can also be divided into company-paid and employee-paid. Some, such as holiday pay, vacation pay, etc., are usually paid for by the firm. Others are often paid, at least in part, by employees—a notable example is medical insurance. [2] Compensation in the US (as in all countries) is shaped by law, tax policy, and history.
Compensation comes in many forms, like benefits, bonuses, and stock options. But the two most common ways employers pay workers is by issuing an hourly wage or setting a salary. Read: What To Do If...
The GG pay rates are generally identical to published GS pay rates. The GS-1 through GS-7 range generally marks entry-level positions, while mid-level positions are in the GS-8 to GS-12 range and top-level positions (senior managers, high-level technical specialists, or physicians) are in the GS-13 to GS-15 range.
Pediatric nurse practitioners are among the highest paid in the United States with an average annual salary at $128,057. [7] The employment of nurse practitioners is expected to grow 45% over the next 10 years, which is much faster than the average for most other jobs.
U.S. Department of Health & Human Services, The Standards for Pediatric Immunization Practice, Accessed Jan. 16, 2022 American Academy of Pediatrics, Immunizations, Accessed Jan. 16, 2022
Hourly employment is often associated but not synonymous with at-will employment. Most countries operate minimum wage systems, which set a minimum rate of pay for hourly employees. As of October 2023, France has the highest hourly minimum wage at $13.80 per hour. [1]
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