What is the salary?

Salary is part of the package of compensation provided by employers in exchange for the implementation of specified services. Generally understood as coverage of one year for services, it is the money that an employee earns at regular intervals-timely monthly, semi-moon, or even a week-after year. Payment conditions are usually agreed between the employer and the employee at the beginning of the employment relationship, although the details may be changed over time.

, while the individual must agree to be a paid employee, he is an employer who decides to offer this position to a worker. Once hired, maybe these employees will have to work every week, but compensation is usually based on more than just time spent in the office. In order to maintain their positions, employees must usually continue to meet certain performance standards.

overtime

Employees

Payment will be expected to contribute at a timeMore work than usual. In the US, the law entitled The Act on Righteous Working Standards guarantees that all employees are entitled to overtime remuneration, but do not apply to those who are considered "exempt". Employee liberations include employees in professional, administrative and executive positions, as well as some sales and computer workers. They must also earn at least a certain amount every week, perform certain types of obligations and get paid the same salary, even if they do not work a regular number of hours.

For exempt employees, this could mean that they sometimes work on weekends or late in the evening without any further payment. Some employers can offer incentives such as financial bonuses or at the end of the year to maintain employees who work particularly motivated for hours. Can be offered a time of compensation, sometimes called "time comp" soA city that will come on Saturday to fulfill the term on the next week will take the day off.

Distinguishing between exempt and non -relieved employees is not always easy, and some employers are trying to classify as many workers as possible as possible to save money. An employee who is regularly requested to work overtime and thinks that he could meet the overtime criteria, he may want to talk to the human resource department or a lawyer at work or other labor law worker.

salary increases

employers with sources that do so may decide to regularly increase the compensation of the worker. Increasing and promotion are usually taken after an annual review of the performance between manager and employee, although they could occur more or less often. For example, a talented employee who works particularly well could be offered an increase to encourage her to continuein good work and to keep her happy with her work.

Although some positions with pre -set salaries, it is often possible for an individual to negotiate. Some job experts suggest that when the applicant is offered a job, he should always try to negotiate more money, partly as a way to show the new employer that the individual has research this position and knows its value. The increase can also be agreed often, especially if the position has been changed and new obligations have been added.

Although it is relatively unusual, salaries for individuals, departments or the whole company may be reduced in some cases if the regional economy slows down dramatically or the employer is experiencing serious financial problems. For employees it may be better to take - hopefully temporary - reducing rewards to keep the company difficult times than some or all workers to lose their jobs.

Plast vs. wages

While the "salary" can be the term for the term forAny compensation you employ earns is not always a precise reflection of someone's earnings. The income, which is mainly earned in relation to the number of hours worked, is considered a wage. The wage employee is paid specifically according to the number of hours he works and is almost always entitled to overtime for work more than the required number of hours each week.

However,

Employees often receive a certain advantage that may or may not be provided by wage employment. For example, they can usually increase sick days and holiday time that allow them to miss some work and still be paid. Not all hourly positions provide these types of benefits. Having a consistent and regular payout often makes it easier to create a budget. With wages, the amount of income may vary from one time to the second time.

It is not uncommon for employees who join the company as an hourly employee to move to paid positions. This may occur after a predetermined trial period of several monthsor could be a way to keep the employer to maintain strong talents. Since salaries require more financial investments in employees than wages, it tends to provide more prestige and employment.

wider compensation

Often the salary is part of a wider package of compensation-coat, which expands to include doses related to retirement and health. In fact, some employers will take advantage of as motivation for talented workers when they cannot offer them a higher basic salary. Another tactic used by some employers is to offer employees of stock options that represent the right to purchase stock shares in the company at a discounted price. This has further motivation to support both productivity and loyalty, because an employee who is financially invested in the company probably wants to see that he is successful.