Deferred Compensation Plans defer a portion of an employee's salary to a future date, usually retirement. This entry covers its historical context, types, key events, detailed explanations, and more.
A comprehensive look at fringe benefits, their types, historical context, importance, and impact on employees and organizations.
Front pay is future compensation awarded to an employee when reinstatement is impractical, differing from back pay which covers past due wages.
Hazard pay, also known as danger pay, is additional compensation given to employees who perform their jobs under dangerous or hazardous conditions.
Phantom stock is a compensation strategy where employees receive benefits equivalent to company stock, without actual stock issuance. It serves as a bonus tied to the value of the company’s stock.
Double time represents a pay rate that is twice the regular hourly rate, typically applicable for overtime, Sunday, or holiday work.
Knowledge-Based Pay is a compensation system that rewards employees based on their level of skill and educational attainment, incentivizing continuous learning and workforce skills enhancement.
A comprehensive overview of Phantom Stock Plans, a type of deferred-compensation plan that uses the employer's stock as a measuring rod for determining the value of compensation payment.
An in-depth examination of equity compensation, covering its definition, how it works, various types, and key considerations.
