This money is the part of the compensation system is wage and salary add-ons.
Wages are sums of money paid to employees by employers in exchange for labor completed over a predetermined period of time. In addition to remunerative incentives like awards and tip payouts, wage payments can also include compensating payments like the minimum wage, prevailing wage, and annual bonuses. One of the costs associated with operating a business is wages. Regardless of the business's financial success, it is a duty to the employee.
Pay by wage contrasts with salaried work, where the employer pays a set sum at regular intervals (such as a week or month) regardless of the number of hours worked, with commission, where pay is contingent on individual performance, and with compensation based on the performance of the company as a whole.
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