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
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
Deal With It, Get Past It, Get Hired The unemployment rate in the U.S. is currently 7%, but if you're one of the ones out of a job, you probably don't care what the percentage is. What you care about is how you'll pay your bills until you can get back on the payroll again. While you're probably in for a few major changes, you can get through this tough time unscathed. Here are eight tips to survive unemployment.8. Create a Frugal Budget If you're out of work, you absolutely must set a budget. Use an Internet resource, such as Mint, or write your budget out on paper. Take a ha... view article details
Job descriptionAccountants and auditors ensure that firms are run efficiently by providing them with valuable financial information and accurate record keeping. Accountants on a day-to-day basis are responsible for bookkeeping, including the tracking of expenses and revenue, payroll, and paying bills. Accountants are also responsible for preparing balance sheets, profit and loss statements, and other financial reports, and may also analyze trends, costs, revenues, financial commitments, and obligations to predict future revenues and expenses.Accountants are increasingly becoming an important p... view article details
Compensation SurveysPaying people fairly is good for business. Underpay, and employees will eventually look for a better offer. Overpay, and the payroll budget and profitability will suffer. That's why companies use market data to research the value of their jobs. But what is 'market data' anyway?To determine the prevailing rate for a job, companies can 'benchmark' jobs against compensation surveys that are detailed and specific to the companies' industries and regions. A good compensation survey uses standard, proven methods of data gathering and statistical analysis to determine how much com... view article details
More than 70 percent of America’s workers are still living paycheck to paycheck according to a recent American Payroll Association poll. And current tough economic times have everyone wondering what they can do to stretch their paycheck a bit further. We’ve compiled a list of what we feel are ten of the best ideas to help stretch your paycheck. With a little extra effort, you can yield some big savings.1. Stop buying bottled water Americans spend a staggering amount on bottled water - $15 billion last year. Name brands in small bottles can cost more than $10 per gallon while tap wate... view article details
There are many hard and fast rules that a job-seeker can learn when preparing for a salary negotiation. For example, having the right mindset, the importance of doing research, and keeping compensation numbers open-ended, speaking in terms of salary ranges vs. naming a specific number.However, one of the more difficult aspects of negotiating a job offer is adapting your approach based on the personality of the person you are dealing with.There are three phases that you must master:Develop a negotiation mindset and learn the tips and techniquesPractice and role play with someone to simulate the... view article details
Find an Entry Level Jobs That Can Pad Your Wallet No one ever promised you were going to graduate from college and land yourself a job as CFO. But in today's job market, where competition is particularly keen, it seems as if even the mediocre jobs are few and far between. Before you relegate yourself to flipping burgers, check out the 12 jobs we've listed here. These jobs, while appropriate for recent college grads looking to enter the work place, have reasonable starting salaries and excellent growth potential. Graphic Designer Designs and creates graphics for advertisements, logos, packaging... view article details
Skilled Labor Jobs Provide a Financially Feasible Alternative to College Is College Worth the Money? "What are your plans after you graduate from high school?" For most recent graduates over the last few decades, the answer has been automatic and unequivocal -- college. With more and more jobs making a bachelor's degree a minimum requirement, there has never been a greater emphasis on higher education. And for the most part that's a good thing as more education is almost always better than less. But times are changing. First of all, the sheer increase in cost just to attend college has be... view article details
The strength of tomorrow's workers depends on parents today. Get a Job, Kid! Family togetherness is a wonderful thing, until your thirty-year old starts sending drink orders from the basement and commenting at breakfast that it "sure would be nice" if you’d remember to use fabric softener on his t-shirts. Toddlers make for cute anecdotes. An unshaved genius with great potential but no real direction except for the path to your refrigerator makes for awkward moments at neighborhood parties. So, start now. Potential is but an outline for your child’s future. Fill it in with the life skills that ... view article details