Cash compensation comes in two forms: base salary and variable pay. As the term implies, cash is any type of compensation paid in the form of a bank check or direct deposit into your bank account. But what does cash compensation for doing your job really mean? Base Salary Base salary is a cash payment from the employer in exchange for your performance of your job. For most role, base salary makes-up the largest proportion, about 85% on average, of an employee’s total cash compensation. Base salary represents a fixed cost to the company, and the total cost of all employee’s base salaries are of... view article details

How to Ensure Efficiency While Employees Work from Home Have a strong organization. In the midst of this global coronavirus pandemic, companies which are fortunate enough to remain open have shifted to a work from home model. While embracing this new, temporary normal, strong management is needed to organize staff and remain productive while in isolation. One method to achieve this is to set up standard daily meetings at a fixed time to check in on your team, define goals, and get a reading on how everyone is coping during this trying time. This allows for communica... view article details

Cash compensation comes in two forms: base salary and variable pay. As the term implies, cash is any type of compensation paid in the form of a bank check or direct deposit into your bank account. But what does cash compensation for doing your job really mean? Base Salary Base salary is a cash payment from the employer in exchange for your performance of your job. For most role, base salary makes-up the largest proportion, about 85% on average, of an employee’s total cash compensation. Base salary represents a fixed cost to the company, and the total cost of all employee’s base salaries are of... view article details

Mortgage Size   The first and biggest hurdle to buying your own home is money. Few buyers, if any, try to buy a home without financing because it just doesn't make sense. In addition to the relatively low price of credit in America, why would anyone pass up substantial mortgage interest tax relief? Then there's the opportunity cost. Even the most financially secure among us won't want to tie up hefty capital in real estate when it could be spread across several investments in a diversified, well-planned portfolio.Typically, home buyers pursue a loan in amounts of 80 or 90 per cent of the purch... view article details

There is no escaping the fact that college costs are rising. The College Board reports that most students and their families can expect to pay, on average, from $95 to $1,440 more than last year for this year’s tuition and fees, depending on the type of college attended. Average College Costs for 2007-2008: Private four year $23,712 (up 6.3 % from last year) Public four-year $6,185 (up 6.6 %from last year) Public two-year $2,361 (up 4.2% from last year) Financing Options Families are encouraged to seek federally backed loans first, then shop for private loans, based in part on the recommend... view article details

Managing meetings effectively is a core skill every manager should develop. Although there's no mystery to what makes a meeting productive, it can take practice and attention to detail to become an effective leader of meetings. It all starts with knowing when to call a meeting, and why.Is It a Meeting?How do you know it's time to call a meeting? What type of meeting is it? What's the purpose of the meeting? Here are some typical situations when a meeting may be called for:You're Managing a ProjectProjects tend to require meetings at various stages: at the beginning, as the project plan is comi... view article details

Most of us loathe the very idea of doing our U.S. personal income taxes, not because we expect to get fleeced each April 15 (or 16) but simply because we don't know an adjusted gross income from a standard deduction. For the many tax code illiterates among us, Salary.com has combed through the Internal Revenue Service website, taking inspiration from Sarah Young Fisher and Susan Shelly's book The Complete Idiot's Guide to Personal Finance, to come up with a checklist that may help simplify your tax-filing experience. Taxable and nontaxable income To get things started with the very basics, bel... view article details

                        One of the biggest challenges facing employers is recruiting and retaining qualified, dedicated employees. Over the past decade, with unemployment levels low and the economy doing well, one of the ways businesses in many industries were recruiting the best possible talent and keeping those employees happy was by offering stock options. For the first time ever, the trend extended not just to top-level managers and executives, but to people throughout the organization.As a result, the ability to participate in an employee stock option plan became an integral part of many ... view article details

Working in a nonprofit organization brings both material and nonmaterial rewards. Although some nonprofit organizations do not pay (or are unable to pay) market wages, the benefits of working in a nonprofit often outweigh the drawbacks for many employees.In the United States, nonprofit or charitable organizations such as foundations, churches, arts organizations, universities, and even some hospitals, are exempt from federal income taxes. Although the range of their services is rather broad, these groups have in common a mission to provide a benefit to a constituency that is more important tha... view article details

Q:  Sometimes, as I arrive at a prospective employer's office for a first interview, the receptionist hands me an application that must be filled out before the HR manager interviews me. This protocol seems to take the focus of the interview away from my candidacy. I prefer not to disclose personal information such as salary history, age, Social Security Number, etc.before we've discussed my skills, my experience, and the benefits I can bring to the organization. How can I handle this situation tactfully without giving offense?A:  Organizations sometimes expect applicants to complete an applic... view article details