Term
|
Definition
| is a set amount of money earned by an employee per year ot other fixed length of time. |
|
|
Term
|
Definition
| are employee earnings that are paid by the hour, day, or item. |
|
|
Term
|
Definition
| work for which wages are based on the number of items or pieces produced. |
|
|
Term
|
Definition
| is a fixed percentage or amount of profit given to an employee in exchange for making a sale. |
|
|
Term
|
Definition
| are money given to an employee by customers in exchange for a service. |
|
|
Term
|
Definition
| this is the lowest hourly rate an employer may legally pay most workers. |
|
|
Term
|
Definition
| compensation for work beyond 40 hours must be at least 1.5 times the emplyee's regular rate of pay. |
|
|
Term
|
Definition
| entitled to some or all of his or her money in the retirement plan when leaving the company. |
|
|
