An incentive program measuring performance for the calendar year is considered a long-term incentive plan.
The primary factor that drives pay levels is cost of living.
Recognition, status, job security and learning opportunities are examples of relational returns.
Demand and supply of talent will influence levels of pay.
When comparing offers of employment, salary is always the thing that matters most.
An employee discount on the purchase of company products is not compensation since it is not reported as taxable income.
Key considerations when proposing Total Rewards programs are market competitiveness, affordability, legal requirements and company culture.
Stakeholders in compensation design decisions include employees, company management, society and investors/stockholders.
The Best Fit theory suggests that since Google offers employees free lunch, other companies should, too.
The minimum wage laws and levels are universal. They apply to everyone, everywhere in the same way.
A dual career ladder means that advancement comes from a second job when the first one ends.
The Fair Labor Standards Act requires that men and women get paid equally for equal work.
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