The method of maintaining balance between interests of operating the university within the fiscal budget and attracting, developing, retaining and rewarding high quality staff through wages that are competitive with the prevailing rates for similar employment in the labor market.
That which constitutes, or is regarded as, an equivalent; that which makes good the lack or variation of something else; that which compensates for loss or privation; amends; remuneration; recompense.
A recompense or reward for some loss or service.
The provision of monetary and non-monetary rewards in return for employment.
All cash and noncash remuneration given to an employee for services performed for the employer.
All regular salary and wages paid for work completed for an ASRS employer, including overtime, compensatory time, vacation and sick leave and other special payments. It also means amounts that would have been paid except for an election or a legal requirement, such as a garnishment. Lump-sum payments on termination are not included as compensation for members who began membership on or after January 1, 1984.
Compensation: Your total pay for services performed for the employer sponsoring the 457(b) plan. In general, this figure is listed in Box 1 of your IRS W-2 Form for years 1979 through 2001. For purposes of the calculator, for 2002 and beyond your compensation is the total of Box 1 plus Box 12 on your W-2 Form.
Payment for services rendered or products or materials furnished or delivered.
Money and non-monetary consideration given in return for work performed.
Compensation paid to a participant is the basic factor that employers use to determine the amount of contributions that will be allocated to a participant's account under a defined contribution plan. IRS requires that the definition used in the plan not be discriminatory (i.e. favoring highly compensated employees over lower-paid employees). Further, a ceiling may apply to the amount of compensation that may be taken into account under certain types of plans.
Monetary payment for services rendered.
An organization's formal system of wages or salary and other benefits such as insurance, holidays, retirement, vacation, etc. [See also reward system].
All salary, wages and other money payable to a member for duties performed for a participating employer but not including reimbursement for travel or moving expenses.
Any salaries, wages, tips, commissions, fees, or self-employment income for services performed.
The amount of wages, salary or other earned income an individual receives from services rendered as a result of employment or self-employment.
Full package offered by employer to employee that includes salary or wages and employer-provided benefits.
all work-related payments, including wages, commissions, insurance, and other benefits.
Regular payment of salary by an FRS employer to an FRS member for work performed in a covered position, including certain overtime payments. By law, certain fees, bonuses, and other amounts are not considered “compensation” under the FRS. (See s. 121.021(22) and (47), F.S., or rule 60S-6.001(16), FAC, for details.)
All money and nonmoney payments provided to an employee for services rendered to the employer.
Amounts received for personal services, including base salary, commissions, bonuses, overtime and vacation pay. For self-employed individuals, compensation is net earnings from self-employment. For purposes of determining the annual contribution limits for an IRA, alimony and separate maintenance payments are treated as compensation.
All payments for personal services as defined as wages under the Social Security Enabling Act, except lump sum payments for vacation, sick leave or holiday pay.
Regular salary, bonuses or any other additional (or supplemental) income provided to the employee by the employer.
Includes salaries, wages, tips, commissions, bonuses, alimony, royalties from creative efforts and “earned income” in the case of a self-employed individual.
The method or methods of payment, as set forth in the agreement, under which satisfactorily completed work will be reimbursed.
All salary, wages and earnings by reason of employment including amounts paid for a supplemental contract. Some types of payments to employees are excluded for STRS Ohio purposes under the Revised Code.
Payment or reward for performance of service.
Includes direct monetary payments (such as salaries, commissions, and bonuses) and indirect payments (such as paid vacations, health and life insurance benefits, and retirement plans).
Wages, commissions, tips, professional fees, and net self-employment income from services rendered; that is, earned income.
Compensation is what employees receive in exchange for the work they do. It could be monetary or non-monetary.
the amount of a participantâ€(tm)s taxable and nontaxable wages that is considered for purposes of a certain employee benefit requirement.
A program to help pay for medical or funeral expenses, mental health therapy or lost wages for victims of a violent crime. A police report must be made. You must apply for these funds. Please call 970-867-9413 for information.
Payment received for the services rendered to, or work performed on behalf of the organization.
Payment or medical care provided to participants injured in research; does not refer to payment (remuneration) for participation in research. (Compare: Remuneration.)
Pay received for your services. Employee compensation can include wages, salaries, tips, and fringe benefits.
Salary, fringe benefits, or tuition remission paid to a fellow or trainee for teaching or lab work. Compensated services must be limited, part-time, and paid from a research grant that does not support the NRSA training. The term also applies to salary, fringe benefits, and tuition remission for graduate students supported by NIH research grants and cooperative agreements.
A sentencing option that means the youth will be ordered to pay the victim of the crime for his or her loss such as cost of repairs, replacing the goods, medical bills, or lost wages. The youth could be ordered to compensate a third party.
Wages, salaries, tips, professional fees, bonuses and other amounts one receive for providing services.
Direct and indirect monetary and nonmonetary rewards given to employees based on the value of the job, their personal contributions and their performance.
A monetary payment for loss or damage.
The total wage or salary and benefits that an employee receives.
Compensation typically includes base salary, commissions, bonuses, overtime and vacation pay. For self-employed individuals, compensation is based on net earnings from self-employment.
The total of salary, the cost of all applicable payroll taxes paid by an employer, plus the cost of all employer paid fringe benefits in the course of employment.
A methodical approach to assigning a monetary value to employees in return for work performed. Compensation may include any or all of the following: base pay, overtime pay, commissions, stock option plans, merit pay, profit sharing, bonuses, housing allowance, vacations and all benefits. This is referred to as remuneration in some foreign countries.
All income due to employees for their work during a given period. In addition to wages, salaries, bonuses, and stock options, compensation includes fringe benefits and employers' share of social insurance contributions. (BEA)
All income due to employees for their work during a given period. Compensation includes wages and salaries as well as fringe benefits and employers' share of social insurance taxes. (Bureau of Economic Analysis)
Monetary reimbursement for loss of agricultural resources.
payment of monetary damages to one whose rights have been violated by a breach of international law.
Something that constitutes an equivalent or recompense. A reward for services rendered. Compensation may be monetary (in cash or cash equivalents) or non-monetary (in property or intangible benefits). (See consideration.)
Income from employment NOT including income from savings and investments, rental income or pension income. Compensation, also referred to as Earned Income, is required in order to set up and contribute to a Traditional IRA. Generally, what is earned from working is Compensation. The IRS treats Compensation as any amount properly shown in box 1 (wages, tips and other Compensation) of Form W-2. See IRS Publication 590 for further definition.
Wages salaries awards fees or commissions; any return in payment for a financial loss.