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View history; General ... for example, monthly payments of one-twelfth of the annual salary. ... (Example: $40,000/year periodic salary divided by 50 weeks equals ...
So, for example, if a company declared a 25% profit sharing contribution, any employee making less than $230,000 could deposit the entire amount of their profit sharing check (up to $57,500, 25% of $230,000) in their ERISA-qualifying account. For the company CEO making $1,000,000/year, $57,500 would be less than 1/4 of his $250,000 profit ...
Salary history bans refer to policies, adopted mostly in the United States, that ban employers from asking job candidates about their previous salaries. The purpose of these laws is the reduce the impact of historical discrimination. [ 1 ]
In a bid for greater pay equity, 19 states and 21 local governments have passed salary-history bans, which function exactly as they sound: They are laws banning employers from asking about salary ...
Massachusetts employers will be forbidden to ask prospective employees for their salary history during the job interview process.
In order to keep their federal contracts, companies could soon be prohibited from asking potential employees about their wage history.
Some examples of wage payments include compensatory payments such as minimum wage, prevailing wage, and yearly bonuses, and remunerative payments such as prizes and tip payouts. Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company.
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