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In economics, the wage ratio refers to the ratio of the top salaries in a group (company, city, country, etc.) to the bottom salaries. It is a measure of wage dispersion . There has been a resurgence in the importance of the wage ratio. The amount of money paid out to executives has steadily been on the rise.
Executive compensation is composed of both the financial compensation ( executive pay) and other non-financial benefits received by an executive from their employing firm in return for their service. It is typically a mixture of fixed salary, variable performance-based bonuses (cash, shares, or call options on the company stock) and benefits ...
Many compensation arrangements are legal, and three of the most common are wage, commission, and salary payment schemes. Wage earners are compensated on a per-hour basis, whereas salaried workers are compensated on a per-week or per-job basis, and commission workers get paid according to how much they produce or sell.
Minimum pay Under the Standard, basic hourly rates were guaranteed pay rates set by the Australian Fair Pay Commission. The commission set the Federal Minimum Wage (FMW), classification-based wages in Australian Pay and Classification Scales (APCSs), and casual loadings.
A pay scale (also known as a salary structure) is a system that determines how much an employee is to be paid as a wage or salary, based on one or more factors such as the employee's level, rank or status within the employer's organization, the length of time that the employee has been employed, and the difficulty of the specific work performed ...
Sunrise equation. A contour plot of the hours of daylight as a function of latitude and day of the year, using the most accurate models described in this article. It can be seen that the area of constant day and constant night reach up to the polar circles (here labeled "Anta. c." and "Arct. c."), which is a consequence of the earth's inclination.