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A gratuity (often called a tip) is a sum of money customarily given by a customer to certain service sector workers such as hospitality for the service they have performed, in addition to the basic price of the service.
The Payment of Gratuity Act, 1972 is an Indian law that makes companies pay a one-time gratuity to retiring employees or employees who resigns after a minimum of 5 years of service. The law applies to all companies of at least 10 employees. [1] The gratuity is 15 days' wages for every year of employee service, or partial year over six months.
An honorarium is an ex gratia payment, i.e., a payment made, without the giver recognizing themself as having any liability or legal obligation to the recipient for their volunteered services, or for services for which fees are not traditionally required.
United States (1984), the Court held that, under the federal bribery and gratuity statute, the definition of a "public official" includes anyone in a "position of public trust with official federal responsibilities," including for example the employees of a non-profit that administers a federal block housing grant. [29]
Senate salaries House of Representatives salaries. This chart shows historical information on the salaries that members of the United States Congress have been paid. [1] The Government Ethics Reform Act of 1989 provides for an automatic increase in salary each year as a cost of living adjustment that reflects the employment cost index. [2]
Tipping can be stressful and often involves complicated mental math. To make matters worse, there are also no clear-cut rules on who to tip, when to tip and how much of a tip to leave. The proper...
The concept of tipping, or gratuity, has been around for generations. Back in the Middle Ages, tipping was a custom practiced by Europeans. Basically, masters would tip their servants for excellent...
Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to all forms (or all monetary forms) of employee compensation.