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Fringe benefits are also thought of as the costs of keeping employees other than salary. These benefit rates are typically calculated using fixed percentages that vary depending on the employee’s classification and often change from year to year. Executive benefits (e.g. golden handshake and golden parachute plans), exceed this level and are ...
Employee benefits are non-wage compensation provided to employees in addition to their normal wages or salaries. They can be mandated by regulation or discretionary, and include housing, insurance, retirement, tuition, leave, and other benefits.
Employment is a relationship between two parties regulating the provision of paid labour services. Learn about the different types of employment, such as employee, independent contractor, and employer, and the legal, economic, and social aspects of employment.
A human resource management system (HRMS) is a software that combines various HR functions, such as payroll, benefits, recruitment, and performance management. Learn about the history, functions, and features of HRMS and how it differs from ERP and HCM systems.
Learn about the history, theory, and practice of human resource management (HRM or HR), the strategic and coherent approach to the effective and efficient management of people in an organization. HRM covers topics such as employee benefits, training, performance appraisal, industrial relations, and diversity and inclusion.
Learn about the definition, history, architecture, advantages and implementation of accounting information systems (AIS), which are computer-based methods for tracking accounting activity. AIS can support various accounting functions and activities such as auditing, financial reporting, management accounting and tax.
FICA is a federal tax that employees and employers pay to fund benefits for retirees, people with disabilities, and children of deceased workers. FICA consists of two parts: OASDI for Social Security and HI for Medicare. Learn how FICA is calculated, who pays it, and how it differs from income tax.
Learn about the sub-discipline of human resources that deals with employee compensation and benefits policy-making. Explore the basic components, theories, and principles of compensation and benefits, as well as their impact on employee satisfaction and organisational justice.
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