A minimum hourly compensation expectation refers to the lowest amount of pay an individual anticipates receiving per hour for their work. This expectation is influenced by various factors such as industry standards, cost of living, level of experience, and job responsibilities. It is important for individuals to research and negotiate their compensation expectations to ensure fair and competitive wages for their skills and contributions.
It means "how much an hour do you expect to be paid"
It means "how much an hour do you expect to be paid"
Your annual job compensation expectation should depend on a number of factors. It will depend on the job description as well as your skills and experience.
Sales person compensation is often an index and ratio of multiple factors and criterion. Sales compensation can have baseline index of hourly compensation regardless of productivity. The second level to compensation after hourly can be a performance, that is commissions or incentives based. Thus, hourly labor plus commissions/incentives form the two most common core components behind sales pays.
The minimum wage law is an example of a government regulation that sets the lowest amount employers can pay their employees for hourly work. Its purpose is to ensure that workers receive fair compensation for their labor and to help prevent exploitative labor practices.
The Fair Labor Standards Act set the minimum wage in the United States, and it is the law that most directly relates to the compensation of private employees. That law also regulates how overtime is to be paid to hourly employees.
what are your compensation expectations?
Minimum wage
It was $4.25
as of 2009 the united states federal minimum wage for hourly earners is $7.25/hr. that is for any/all hourly wage job.
Compensation is how much money the job pays, and it could an hourly rate or a flat fee for a single gig.
I will let the employer decide since Im a fresh graduate with no working experience for an internship: I am confident that *insert company name* will provide standard compensation for interns.