Monetary Compensation Definition Monetary compensation is an exchange of value, often between an employer trading cash or currency to an employee for their labor or services. The employer pays an employee in cash or currency in exchange for using their labor to execute specific designated activities. Therefore, monetary compensation is […]
Compensation
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What Is a Phantom Stock Plan? A Phantom Stock Plan is a form of employee compensation where the benefits of stock ownership are awarded without actual shares being given. A phantom or shadow stock plan provides many of the benefits of stock ownership to selected personnel without actually granting them […]
Usain Bolt Net Worth – The Richest Runner in the World Usain Bolt net worth is approximately US$90 million. The retired Olympic sprinter still earns fees and royalties for endorsements, sponsorships, and guest appearances. Usain Bolt is one of the world’s most recognizable athlete celebrities. A standout sprinter, Usain holds […]
What Is a Section 83(b) Election? A Section 83(b) election is a request that the IRS recognizes income and levy income taxes on acquired company shares at the time they are granted rather than later when they are vested. The 83(b) election is a provision of the Internal Revenue Code […]
What Is a Service Charge? A service charge is an additional fee covering administrative, processing, or service costs that are provided when purchasing a product or service. Typically, a service charge covers additional benefits that are linked to the principal product or service that is being purchased. Usually, the fee […]
What Is a Retention Bonus? A retention bonus is a specific payment or reward offered in addition to an employee’s normal compensation. It is given as an incentive to retain a key individual on the job. Often, this occurs during a particularly critical business cycle, such as a merger or […]