What is the publication of compensation?
The publication of compensation is a document that provides details of the company's payments and benefits. Any company or annual report of the organization may include publication of compensation, but for companies operating in the public sector in many countries, publication is required. The aim of the publication of compensation is also called the "Payment of Pay" to make the public sector more open and responsible taxpayers.
The publication of compensation is a way to track powerful salaries in large companies around the world. On the basis of publication regulations, many owners of small enterprises are not obliged to provide a statement to the Government. Executive publication may vary from country to country, but generally include three areas: retirement plans and other employment benefits, the last three -year compensation and any property interests that are part of the compensation of the executive.
Laws allow governments around the world to apply for nominees and nominated directors. This includes detailedSti on the qualification of existing directors and nominated directors as well as nominated shareholders. The statement should include the publication of skills, qualifications, experiences and other qualities that determine the person's ability to serve as a member or director of the committee within the current business structure of the company.
The publication of compensation only achieves money; It also serves as a statement of risk. Acts on the publication of most governments state that investors and taxpayers have the right to be informed about the practices of the administration and management of companies. This means that companies must provide a statement on the structure of the company's management and the reasons for it. In short, society must explain why it believes that its current structure of leaders is the best structure for it at a time when the WJAK statement is released.
Any attempt to introduce the government and/or the public by distortion of the factsor the numbers in publication are considered fraud. In many cases, there are fraud in publication in terms of publishing numbers. In recent years, there have been a number of well -promoted fraud cases.
It is important to realize that the publication of compensation has several different meanings. At the individual level, the publication of compensation is the same as the salary history. Most employers will require a salary history from potential employees. In addition, some employers may require employees to sign a contract for compensation or salary. It is basically an agreement that prohibits employees to discuss their salary with other employees.