|
Performance-linked Incentives
A performance-linked incentive (PLI) is a form of incentive from one entity to another, such as from the government to industries or from an employer to an employee, which is directly related to the performance or output of the recipient and which may be specified in a government scheme or a contract. PLI may either be ''open-ended'' which does not have a fixed ceiling for the quantum of incentive granted or ''close-ended'' which has an upper ceiling as stipulated in the scheme or the contract. Open-ended incentives are normally applicable to revenue-generating activities (e.g., sales, production, efficiency, competitiveness, etc), while close-ended incentives are associated with quality improvement or support functions (e.g., operations, human resources, administration, etc.) Method of calculating PLI Also, in calculating PLI, only the performance and not the potential of the recipient is considered. Potential of the recipient is normally subjective and can be contested. PLI is ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employer
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, and disability insurance. Employment is typically governed by employment laws, organization or legal contracts. Employees and employers An employee contributes labour and expertise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salary
A salary is a form of periodic payment from an employer to an employee, which may be specified in an employment contract. It is contrasted with piece wages, where each job, hour or other unit is paid separately, rather than on a periodic basis. Salary can also be considered as the cost of hiring and keeping human resources for corporate operations, and is hence referred to as personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts. A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary. Salaries are typically determined by comparing market pay-rates for people performing similar work in similar industries in the same region. Salary is also determined by leveling the pay rates and salary ranges established by an individual employer. Salary is also affected by the number of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employment Compensation
Remuneration is the pay or other financial compensation provided in exchange for an employee's ''services performed'' (not to be confused with giving (away), or donating, or the act of providing to). Remuneration is one component of reward management. In the UK, it can also refer to the automatic division of profits attributable to members in a Limited Liability Partnership (LLP). Types Remuneration can include: *Commission *Employee benefits *Employee stock ownership *Executive compensation **Deferred compensation *Salary ** Performance-linked incentives *Wage * Mandatory compensation payable by an employer to an employee for the benefit obtained from a patent for an invention made by an employee United States For wage withholding Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the ... ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Resource Management
Human resource management (HRM) is the strategic and coherent approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives. Human resource management is primarily concerned with the management of people within organizations, focusing on policies and systems. HR departments are responsible for overseeing employee-benefits design, employee recruitment, training and development, performance appraisal, and reward management, such as managing pay and employee benefits systems. HR also concerns itself with organizational change and industrial relations, or the balancing of organizational practices with requirements arising from collective bargaining and governmental laws. The overall purpose of human resources (HR) is to ensure that the organization can achieve success through people. HR pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peak Earning Years
Peak earning years refers to the time in life when workers earn the most money per year. US perspective Given their initial lack of experience, workers' earnings start out low. Earnings peak when workers hit middle age, then begin to fall as retirement Retirement is the withdrawal from one's position or occupation or from one's active working life. A person may also semi-retire by reducing work hours or workload. Many people choose to retire when they are elderly or incapable of doing their j ... approaches. But peak earnings now occur later in life and reach a higher level. In the 1970s the peak earning years were between 35 and 44 for people with only an elementary school education. However people who graduated from high school and college had a peak income between 45 and 54. In 2009 peak income occurred between the ages of 40–55. Twenty years ago, those in their peak earning years took home about twice as much as workers between the ages of 20 and 24. Now they earn more ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salaryman
The term is a Japanese word for salary, salaried workers. In Japanese popular culture, it is portrayed as a white-collar worker who shows unwavering loyalty and commitment to his employer, prioritizing work over anything else, including family. "Salarymen" are expected to work long hours, whether overtime is paid or not. They socialize with colleagues and bosses, including singing karaoke, Nomikai, drinking, and visiting Host and hostess clubs, hostess bars. "Salarymen" typically Simultaneous recruiting of new graduates, enter a company after graduating from college and Shūshin koyō, stay with that corporation for the duration of their career. In conservative Japanese culture, becoming a salaryman is a typical career choice for young men and women, as parents map out their child's education path in order to make sure they can attend a prestigious university which in turn will lead to recruitment by a major company. Those who do not take this career path are regarded as living w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medical Specialties
A medical specialty is a branch of medical practice that is focused on a defined group of patients, diseases, skills, or philosophy. Examples include those branches of medicine that deal exclusively with children (pediatrics), cancer ( oncology), laboratory medicine (pathology), or primary care ( family medicine). After completing medical school or other basic training, physicians or surgeons and other clinicians usually further their medical education in a specific specialty of medicine by completing a multiple-year residency to become a specialist. History of medical specialization To a certain extent, medical practitioners have long been specialized. According to Galen, specialization was common among Roman physicians. The particular system of modern medical specialties evolved gradually during the 19th century. Informal social recognition of medical specialization evolved before the formal legal system. The particular subdivision of the practice of medicine into various spe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Highest Paid Baseball Players
Major League Baseball (MLB) does not have a hard salary cap, instead employing a luxury tax that applies to teams whose total payroll exceeds certain set thresholds for a given season. Free agency did not exist in MLB prior to the end of the reserve clause in the 1970s, allowing owners before that time to wholly dictate the terms of player negotiations and resulting in significantly lower salaries. Babe Ruth, widely regarded as one of the greatest baseball players ever, earned an estimated $856,850 ($ inflation-adjusted from 1934 dollars) over his entire playing career. When asked whether he thought he deserved to earn $80,000 a year ($ inflation-adjusted), while the president, Herbert Hoover, had a $75,000 salary, Ruth famously remarked, "What the hell has Hoover got to do with it? Besides, I had a better year than he did." Pitcher Nolan Ryan was the first player to earn an annual salary above $1 million, signing a $4.5 million, 4-year contract with the Houston Astros in 197 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Largest Sports Contracts
__NOTOC__ This is a list of the largest sports contracts. These figures include signing bonuses but exclude options, buyouts, and endorsement deals. This list does not reflect the highest annual salaries or career earnings, only the top 100 largest contracts and thus is largely limited to athletes in Team sport, team sports and auto racing. Athletes in individual sports, such as golf, tennis, table tennis, boxing, kickboxing, and Mixed martial arts, MMA, are not employed by a team and usually earn money primarily through event winnings. This list also does not necessarily reflect actual money collected by the athletes since some contracts are eventually terminated (usually due to an athlete either retiring or invoking an opt-out clause). Alex Rodriguez, Stephen Strasburg, Manny Machado, Deshaun Watson, and Giannis Antetokounmpo are on the list two times each. Entries in this list also require an individual citation of the contract, so a number of the highest salaried athletes (ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Single-digit Salary Earners
A one-dollar salary is a method used when a business executive or government employee wishes to work without direct compensation, but must receive a salary above zero to legally distinguish them from a volunteer. The concept first emerged in the early 1900s, when various American leaders of industry offered their services to the government during times of war. In the late 1990s and early 2000s, many executives began accepting one-dollar salaries—often in the case of struggling companies or startups—with the potential for further indirect earnings as the result of stock ownership. Many choose to reduce their salary to avoid income taxes. Dollar-a-year men In the early-to-mid-20th century, "dollar-a-year men" were business and government executives who helped the government mobilize and manage American industry during periods of war, notably World War I, World War II, and the Korean War. U.S. law generally forbids the government from accepting the services of unpaid volunteers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Compensation
Executive compensation is composed of both the Salary, financial compensation (executive pay) and other non-financial benefits received by an Senior management, executive from their employing firm in return for their service. It is typically a mixture of fixed salary, variable performance-based bonuses (cash, shares, or call options on the company capital stock, stock) and Employee benefits, benefits and other perquisites all ideally configured to take into account government regulations, tax law, the desires of the organization and the executive. The three decades from the 1980s saw a dramatic rise in executive pay relative to that of an average worker's wage in the United States, and to a lesser extent in a number of other countries. Observers differ as to whether this rise is a natural and beneficial result of competition for scarce business talent that can add greatly to stockholder value in large companies, or a socially harmful phenomenon brought about by social and political ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Society Of Indian Automobile Manufacturers
The automotive industry in India is the world's fourth-largest by production and valuation as per 2022 statistics. As of 2025, India is the ''3rd largest automobile market'' in the world in terms of sales. , India's auto industry is worth more than US$100 billion and accounts for 8% of the country's total exports and 7.1% of India's GDP. According to the 2021 National Family Health Survey, 8% of Indian households own an automobile. According to government statistics, India has barely 40 automobiles per 1,000 people. History In 1897, the first car ran on an Indian road. Through the 1930s, cars were imports only, and in small numbers. An embryonic automotive industry emerged in India in the 1940s. Hindustan Motors was launched in 1942 building Morris products, long-time competitor Premier in 1944, building Chrysler Corporation products such as Dodge and Plymouth, and beginning in the 1960s, Fiat products. Piplai, p. 2892 Mahindra & Mahindra was established by two b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
