In other words, say what you mean without relying on the reader to read in your choice of words distinctions of different degrees of obscuration. I propose that instead we may pay “remuneration” (and “remuneration”) to the scrapyard, using “compensation” (and “compensation”). This follows my aversion to unnecessary notions of art. Here`s what MSCD 1.11 -.12 says: Compensation can only be changed by mutual agreement. Unilateral changes are only allowed if the salary is temporarily reduced, if it is not possible to give work. This can also be used when the employer is unable to work or has no financial means to pay normal pay. Before reducing pay, employees should be informed and consulted. If the worker does not agree with the decline, he has the right to end the employment relationship. As with redundancies, a benefit must be paid in this case. The NCCI does not consider the following positions as elements of remuneration: tips, employer contributions to group or group insurance, severance or severance pay, except for the working time already done and leave, payment of active military service, employee discounts on property purchased by its employer and allowances for which sufficient documentation has been made available to the employer. , some employers opt for higher ageing to attract workers, and in this case, overannuation may be part of the pay package.
Compensation is any type of remuneration or remuneration given to employees. The term refers to remuneration in the form of a salary, salary or commission, but also cannot involve monetary allowances such as the company car, medical plan, accommodation or meals. A compensation package includes salary or wages, but may also include other benefits or rewards such as accommodation, car, telephone, gas or electricity supplements, meals or milk. The development of a good compensation package will help attract, retain and encourage the right people. When agreeing on the elements of remuneration and the principles of calculation, it should not be forgotten that the salary paid to full-time employment should not be less than the salary agreed by the Confederation of Estonian Trade Unions and the Confederation of Estonian Employers and imposed by a decree of the Government of the Republic. In 2018, the minimum hourly wage is 2.97 euros (gross) and the monthly minimum wage is 500 euros (gross). If the employee works part-time, the minimum is reduced. Annualization is not technically included in the employment pay package, as, with a few exceptions, all employers must pay an ageing fee for all workers. Visit our salary prices for details on Superannuation.
Many states use the rules of the National Compensation Insurance Board (NCCI) to determine what workers` insurance compensation is or is not. Below are the most common ways of paying and how important they are. In some countries, compensation does not include the share of overtime pay – for example. B the “half” hourly wage received by an employee at one and a half hours of work. Changes to the remuneration policy are subject to approval by the general meeting. The supervisory board determines the remuneration of each member of the supervisory board on the proposal of the appointment and remuneration committee. , as part of the general assembly`s remuneration policy. The remuneration of a member of the supervisory board should not depend on the company`s profits. Although compensation is generally considered a salary, the value of accommodation, a car, a telephone, gas or electricity supplements, meals or milk and other benefits can be taken into account when compiling an overall package. Expenses, including moving expenses, which are reimbursed by the employer while the worker has not provided documentation indicating that these are valid expenses, are considered (c)