Cash awards are given to employees as a form of recognition or compensation for their achievements or contributions to the company. They are typically given in the form of a bonus, but can also be given as part of a salary or commission package. Cash awards can be given to employees at any time, but … Read more
The Glass Ceiling: What It Is, How It Came to Be, and Its Consequences Which of the following scenarios is an example of the glass ceiling? The glass ceiling refers to the invisible barrier that prevents women and other groups from reaching the top levels of the corporate ladder. In many cases, the glass ceiling … Read more
A garnishment is a legal process whereby a debtor’s wages or other property are seized by a court order, at the request of a creditor, in order to satisfy a debt. The most common type of garnishment is wage garnishment, whereby a debtor’s employer is ordered to withhold a certain portion of the debtor’s wages … Read more
Combat pay is a type of salary or compensation paid to soldiers, sailors, airmen, and Marines in addition to their regular pay, allowances, and benefits. It is intended to provide extra financial assistance to service members who are deployed in combat or other hazardous duty areas. combat pay is taxable income and is subject to … Read more
Here’s What Counts as Employee Compensation. Remuneration is defined as any type of compensation or payment that an employee receives in exchange for their work. This can include wages, salaries, bonuses, tips, commissions, and fringe benefits. In order to be considered remuneration, the payments must be made directly to the employee and must be in … Read more
A junior accountant is a professional who provides support to senior accountants and performs basic accounting tasks. Junior accountants typically have a college degree in accounting or a related field and may be working towards becoming a certified public accountant (CPA). Their duties may include preparing financial statements, maintaining ledgers, and preparing tax returns. How … Read more
A cash allowance is a specific amount of money that an employer gives to an employee on a regular basis, typically in addition to the employee’s regular salary or wages. The purpose of a cash allowance is to help cover the employee’s out-of-pocket expenses related to their job. For example, a cash allowance may be … Read more
