Tag: employees

Remuneration Definition

See Also: Pension Plans Cafeteria Plan How to compensate sales staff Passive Income Electronic Funds Transfer (EFT) Remuneration Definition We can define remunerations as compensation for employment services. Remuneration can include hourly wages, fringe benefits, salary compensations, and other forms of compensation such as stock options and cash bonuses. Strategies differ across industries and companies.

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Advantages of Decentralization

See Also: Organizational Structure Advantages of Centralization Advantages of Decentralization There are several advantages and disadvantages of decentralizing an organization. Decentralizing is optimal when subunit managers and employees have specialized knowledge regarding their particular subunit. Giving subunit managers authority is a good way to train them for future positions in senior management. Empowering employees and

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Advantages and Disadvantages of Centralization

See Also: Organizational Structure Advantages of Decentralization Advantages and Disadvantages of Centralization Under certain conditions a centralized organizational structure can be advantageous. In a centralized organization structure, the centralized authority may have a better perspective on the big picture of the organization and how the subunits of the organization fit together and this may make

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Individual Retirement Account (IRA)

See Also: Pension Plans 401k Keogh Plan Payroll Accounting Deferred Income Tax Individual Retirement Account (IRA) Definition An individual retirement account or IRA is a personal account that an employee of a company can set up. The contributions to the account are tax deferrable until the funds are withdrawn after age 59 1/2. There are

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Logistics Chain

See Also: Supply Chain and Logistics Value Chain Porter’s Five Forces of Competition Indemnity Clause Commercial Agents Logistics Chain Definition The logistics chain, defined as the path of goods and information from a creator to an end user, enables any business to turn product into sales. Involving either tangible or intangible goods or services, it

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Write an Action Plan

See Also: How to Run an Effective Meeting SWOT Analysis How to Respond to an Imminent Disaster Threat How to Prepare a Flash Report Write an Action Plan When you write an action plan, it is more than just how to get organized. The primary purpose of the action plan is to serve as the

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How To Train People For Success

See Also: How to Run an Effective Meeting How to Hire New Employees Benefits of Advisory Boards How to form an Advisory Board Future of the Accounting Workforce How to Train People for Success How To Train People For Success: Training is about management preparing employees for success in their jobs and in their careers. Employee

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How to Select a PEO

See also: Defining a Professional Employer Organization Advantages of PEO Services for the Business Owner PEO Compared to Outsourcing Payroll Professional Employer Organization (PEO) FAQ’s Service Department Costs How to Select a PEO Creating a successful partnership with a Professional Employer Organization (PEO), for the co-employment of your employees, requires that the Business Owner apply

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Key Performance Indicators (KPI’s)

See Also: Flash Reports Normalized Earnings Continuous Accounting: The New Age of Accounting Collection Effectiveness Index Key Performance Indicators (KPIs) Definition Key Performance Indicators (KPIs) are defined as the key drivers of economic activity for a company In essence, KPIs measure the productivity of an organization. By performing a key drivers analysis of the most

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Keogh Plan

See Also: Pension Plans Deferred Income Tax Tax Brackets Contribution Margins Employee Stock Ownership Plan (ESOP) Keogh Plan Definition The Keogh plan was developed by a United States Representative from New York named Eugene Keogh. A Keogh plan is a tax deferred retirement plan which has some advantages to the self-employed companies that have less

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How to Hire New Employees

How to Hire New Employees Hiring new employees is one of the most challenging tasks business owners face. You can take the fear and anxiety out of the process – and ensure you get the best prospect for the job – by developing an incremental, systematic approach and staying focused on the process. There are

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Gross Up

See Also: Adjusted Gross Income Definition Gross Profit Margin Ratio Analysis PEO Arrangement Compared to Outsourcing Payroll Payroll Accounting Purchase Option Gross Up Definition Defined as paying a full amount without any deductions, gross up is most often used in terms of salary for employees. Gross Up Explanation Gross up, explained as a method for

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