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The basic salary, often referred to as the base or fixed salary, is the set amount that an employee receives for their standard work. This figure does not include extra compensation such as bonuses or benefits. The total compensation package includes a crucial component that is usually represented as an annual, monthly, or hourly rate.
Employers that offer these types of work-life perks seek to raise employee satisfaction, corporate loyalty, and worker retention by providing valuable benefits that go beyond a base salary figure. [10] Fringe benefits are also thought of as the costs of retaining employees other than base salary. [11] The term "fringe benefits" was coined by ...
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed.
It has a trading area population of 341,180, including parts of British Columbia, [30] and provides jobs for up to 86,000 people who commute to and within the city from a radius of 100 km (62 mi). [30] Lethbridge's economy has traditionally been agriculture-based; however, it has diversified in recent years.
In 2004, the municipal government organised Economic Development Lethbridge, a body responsible for the promotion and development of the city's commercial interests.Also in that year, the city joined in a partnership with 24 other local communities to create an economic development alliance called SouthGrow, representing a population of over 140,000.
Compensation of employees (CE) is a statistical term used in national accounts, balance of payments statistics and sometimes in corporate accounts as well. It refers basically to the total gross (pre-tax) wages paid by employers to employees for work done in an accounting period, such as a quarter or a year.
The University of Lethbridge offers both undergraduate and graduate degrees in four faculties and three schools, as described below.. The university is accredited under Alberta's Post-Secondary Learning Act [11] and is considered a "comprehensive academic and research university" (CARU), which means offer a range of academic and professional programs that generally lead to undergraduate and ...
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
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