A performance bonus is a type of compensation paid to an employee based on their individual performance or contribution to the company. This type of bonus can be awarded in addition to an employee’s regular salary or wages, or as a standalone bonus. Performance bonuses are typically given out at the end of a fiscal … Read more
An honorarium is a payment made to someone for a service that is rendered, but for which no set fee has been established. The payment is usually made in recognition of the person’s expertise or for the time and effort expended on the project. Honoraria are generally considered to be taxable income. What is an … Read more
A year-end bonus is a bonus that is paid to an employee at the end of the calendar year, or fiscal year, as a way of thanking them for their hard work and dedication over the past year. This bonus is typically a percentage of the employee’s salary, and is paid out in addition to … Read more
The term “blue collar” is used to describe a type of work that is typically manual in nature and is often performed in an industrial or factory setting. These jobs typically do not require a college degree, and the workers are paid an hourly wage. Many blue collar jobs are considered to be part of … Read more
1. What Is an RSU? 2. How Do RSUs Work? 3. What Are the Pros and Cons of RSUs? What happens to restricted stock units when a company is acquired? If you own restricted stock units (RSUs), the acquisition will generally not have an immediate impact on your RSUs. The new company will typically honor … Read more
A cash bonus is a monetary reward given to an employee for performing their job well, or for achieving a specific goal. The amount of the cash bonus is typically determined by the employer, and is usually based on the employee’s salary or level of responsibility. Cash bonuses are often given out during an employee’s … Read more
Break In Service: There are times when an employee may need to take a leave of absence from their job. This could be for personal reasons, such as maternity leave, or for medical reasons. If an employee takes a leave of absence, they may have a break in service. This means that there is a … Read more
An employee stock purchase plan (ESPP) is a company-sponsored program that allows employees to purchase company stock at a discounted price. The discount is typically 10-15% below the current market price, and employees can purchase shares through payroll deductions over a period of time (usually 6-12 months). ESPPs are a popular employee benefit, as they … Read more
The term “bullet dodging” is often used to describe the act of avoiding or deflecting bullets. This can be done through a variety of means, such as using cover, super speed, or advanced reflexes. Should I cash out my 401k? Most 401k plans allow participants to borrow against their account balance, and many 401k plans … Read more
Severance pay is a type of compensation that an employer may provide to an employee who is being let go from the company. It is typically based on the length of time the employee has been with the company, and may be provided in addition to other forms of compensation, such as a final paycheck … Read more
