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Background. In December 2010, President Obama issued executive order 13561 carrying out a two-year federal employee pay freeze. Two years later, on December 27, 2012, he issued a new order, Executive Order #13635, which would end the pay freeze and give civilian federal employees a 0.5% raise in 2013.
Labor burden costs include benefits that a company must, or chooses to, pay for employees included on their payroll. These costs include but are not limited to payroll taxes , pension costs, health insurance , dental insurance , and any other benefits that a company provides an employee.
An employer may "buy out" an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person; A landlord may buy out the remainder of a tenant's lease, effectively paying them to vacate. A government may buy out homes in a floodplain or other area subject to hazard.
Examples of other pay systems in Pakistan include the Special Pay Scale (SPS) and army scales, while private organizations, companies, and industries are free to devise their own pay structures, subject to the government setting a minimum salary for private employees.
Employees assigned to such posts receive a hardship differential of between 10 and 35 percent of their salary. [1] A hardship post with security issues, for example in a war zone, may also be a designated hardship post with employees eligible for additional danger pay.
The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century. Employment contracts relies on the concept of authority, in which the employee agrees to accept the authority of the employer and in exchange, the employer agrees to pay the employee a stated wage (Simon, 1951).
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