FAVR: What Is a Fixed and Variable Rate Allowance? A FAVR plan reimburses employees using their own car for business purposes with a combination of a monthly allowance and mileage reimbursement. The fixed and variable rate reimbursement is a method of compensating workers who use their personal or leased automobiles […]
Compensation
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Aguinaldo Meaning Aguinaldo meaning: In Mexico and other Latin American countries, aguinaldo refers to an annual Christmas bonus. In Mexico, it is required by law. Aguinaldo is a term used in Mexico and other Latin American nations to refer to an annual Christmas bonus. It is required by law in […]