|
Salary Inversion
Salary inversion refers to situations in which the starting salaries for new recruits to an organization increase faster than those for existing employees, and consequently junior employees out-earn their senior colleagues. It typically happens in areas where the demand for suitably qualified professionals exceeds the supply of such professionals in the market. For example, the information technology (IT) industry in recent years has experienced this phenomenon. Salary inversion is also common amongst university faculty in certain fields in which the global demand for qualified academics is increasing rapidly. Here, salary inversion occurs when universities lack the resources to raise existing professors' salaries while continuing to hire new faculty, and may legally constitute a form age discrimination. References External links * http://www.byuaccounting.net/mediawiki/index.php?title=How_do_I_avoid_salary_inversion%3F * https://web.archive.org/web/20110720112626/http://sbawe ... [...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. From the point of view of running a business, salary can also be viewed as the cost of acquiring and retaining human resources for running operations, and is then termed personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts. 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. Salary is 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Information Technology
Information technology (IT) is the use of computers to create, process, store, retrieve, and exchange all kinds of data . and information. IT forms part of information and communications technology (ICT). An information technology system (IT system) is generally an information system, a communications system, or, more specifically speaking, a computer system — including all hardware, software, and peripheral equipment — operated by a limited group of IT users. Although humans have been storing, retrieving, manipulating, and communicating information since the earliest writing systems were developed, the term ''information technology'' in its modern sense first appeared in a 1958 article published in the ''Harvard Business Review''; authors Harold J. Leavitt and Thomas L. Whisler commented that "the new technology does not yet have a single established name. We shall call it information technology (IT)." Their definition consists of three categories: techniques for pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Faculty (university)
A faculty is a division within a university or college comprising one subject area or a group of related subject areas, possibly also delimited by level (e.g. undergraduate). In American usage such divisions are generally referred to as colleges (e.g., "college of arts and sciences") or schools (e.g., "school of business"), but may also mix terminology (e.g., Harvard University has a "faculty of arts and sciences" but a "law school"). History The medieval University of Bologna, which served as a model for most of the later medieval universities in Europe, had four faculties: students began at the Faculty of Arts, graduates from which could then continue at the higher Faculties of Theology, Law, and Medicine. The privilege to establish these four faculties was usually part of medieval universities’ charters, but not every university could do so in practice. The ''Faculty of Arts'' took its name from the seven liberal arts: the triviumThe three of the humanities (grammar, rhetor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University
A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, the designation is reserved for colleges that have a graduate school. The word ''university'' is derived from the Latin ''universitas magistrorum et scholarium'', which roughly means "community of teachers and scholars". The first universities were created in Europe by Catholic Church monks. The University of Bologna (''Università di Bologna''), founded in 1088, is the first university in the sense of: *Being a high degree-awarding institute. *Having independence from the ecclesiastic schools, although conducted by both clergy and non-clergy. *Using the word ''universitas'' (which was coined at its foundation). *Issuing secular and non-secular degrees: grammar, rhetoric, logic, theology, canon law, notarial law.Hunt Janin: "The university ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ageism
Ageism, also spelled agism, is discrimination against individuals or groups on the basis of their age. The term was coined in 1969 by Robert Neil Butler to describe discrimination against seniors, and patterned on sexism and racism. Butler defined "ageism" as a combination of three connected elements. Originally it was identified chiefly towards older people, old age, and the aging process; discriminatory practices against older people; and institutional practices and policies that perpetuate stereotypes about elderly people. The term "ageism" has also been used to describe the oppression of younger people by older people, for example in a 1976 pamphlet published by Youth Liberation of Ann Arbor, MI. In the UK, Councillor Richard Thomas at a meeting of Bracknell Forest Council (March 1983), pointed out that age discrimination works against younger as well as older people. It has much later (February 2021) been used in regards to prejudice and discrimination against especially a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
_-_09.JPG "Click for more on -> University")
