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Deferred compensation is when an employee is paid some of his wages at a later date instead of when it is owed. One would get deferred compensation when one has a pension plan or a retirement plan.
the wages and benefits an employee receives at a job...
A compensation plan is a form of deferred compensation, which is income paid to an employee at a specified date after it was earned. Examples include pension plans, 401k retirement accounts, and stock options.
Salary's and benefits
A compensation plan is a form of deferred compensation, which is income paid to an employee at a specified date after it was earned. Examples include pension plans, 401k retirement accounts, and stock options.
In general, indirect and non-cash compensation paid to an employee. Some benefits are mandated by law (such as social security, unemployment compensation, and workers compensation), others vary from firm to firm or industry to industry (such as health insurance, life insurance, medical plan, paid vacation, pension, gratuity).
When monetary compensation is/should be the prime motivator for employee performance.
What are the employee compensation techniques
In adefined benefit plan the company pays the employee a fixed annual pension based on a formula. Factors that can influence it are: employee life expectancy, employee turnover, expected employee compensation levels, and investment income on pension contributions.
is it a law in kentucky to have worker compensation on only 1 employee
A compensation's main purpose is to reward good work. It motivates employees to achieve out of expectations. Ideally, a good compensation package will make a employee feel properly rewarded. It should be in proportion to the personal level of achievement the person felt he or she has achieved. This would be from the employee's point of view. From the executives' point of view, the compensation package would cost the company as little as possible yet still make the employee feel properly rewarded. Yet it should not make the employee feel fully rewarded, and thus breeding greed. It would make the employee feel rather inadequate and that he or she would need to work harder to get properly rewarded .
what an employee promise not to do when he accepts worker's compensation benefits