Sentences with phrase «base salary of their employees»

Most notably, Target and TJX Companies — the parent company of T.J. Maxx and Marshalls — have announced that they will also raise the base salary of their employees to $ 9 an hour this year, with T.J. Maxx planning to emulate Walmart's bump to $ 10 an hour next year.

If the Employer fails to give written notice or gives notice of an insufficient period, it must pay the employee an indemnity equal to the base salary of the employee (excluding any commission) for a period equal to the period or remaining period of notice to which the employee was entitled.

Not exact matches

Although the company declined to provide pricing information, their model is based on a percentage of employee salary and total cost is a function of the number of employees and specific services chosen.

If you convert an employee later to non-exempt because of the minimum salary increases or the position is found to be non-exempt based on a legal challenge, your overtime costs will be based on a higher base rate.

Using data from Washington, D.C. - based think tank the Brookings Institution, NerdWallet compared 357 metro areas based on the demand in each city for employees with a STEM bachelor's degree, the average salary of STEM graduates and the health of the local economy.

If there are ways in which you can compensate employees outside of their salaries, you can stay closer to your base line payment figure.

Morales himself, who until 1990 drew only enough money to keep his family clothed and fed, controls expenditures by paying employees a cut of profits on top of a base salary; barters for goods and services; and prepares Tomkats» advertising in - house to qualify for an agency's 15 % discount on media buys.

A simple approach to the problem, suggested originally by the CWA labor union and reportedly under consideration by the Trump administration, would dole out the visas in order of an employee's rank based on salary.

The cost was based on the length of meetings and on employee salaries.

Due to the economic and market conditions at the beginning of 2009, annual merit increases to base salaries for the broad - based employee population and the executive officers were suspended.

Without customers or revenues or profits, a startup must find other ways to pay the bills and salaries of employees on a regular basis.

Standard severance packages range from 1 - 3 weeks per year you've worked plus 2 - 3 months of base salary according to the WARN Act for employees at larger companies.

If you are only a W - 2 employee, your 401 (k) contribution is capped at $ 18,000 a year + any 401 (k) employer match (average is 3 % of base salary).

Our 401 (k) plan is a tax - qualified retirement savings plan pursuant to which all U.S. - based employees, including executive officers, may contribute the lesser of up to 90 % of their annual salary or the limit prescribed by the Internal Revenue Service on a before - tax basis.

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

Mr Moore's total pay comprised components including a base salary of $ 818,746, equity awards including shares of $ 9.7 million and short - term employee benefits of $ 4.4 million.

Swenk explains his method for compensating sales reps. Starting at a base salary of around $ 45,000 to $ 50,000 with a tiered commission is a great way to get employees motivated when they're first hired.

As an example, an employee making $ 5,000 a month who makes loan repayments of $ 500 a month could receive a match based on the percentage of their salary.

The bill pitted public - employee unions against the Nassau Interim Finance Authority, the state - imposed county financial control board, over the issue of «step raises,» or salary hikes based on time on the job.

With New York facing a similarly large $ 10 billion deficit in early 2011, the new governor locked in a three - year wage freeze on base salaries for 66,000 members of the Civil Service Employees Association.

He consistently ranked among the state's highest paid employees, earning a total of $ 1.17 million in salary and other performance - based payments last year.

Last year, the MTA paid nearly $ 1.6 million in overtime alone to just seven employees — some of whom more than doubled their base salaries.

A total of 25 officers or detectives made more than $ 100,000 in overtime last year; 12 of those employees earned more in overtime than in base salary.

Also at 10:30 a.m., Democratic Westchester County lawmakers, union leaders and women's rights advocates introduce a bill to help ensure salaries will be based on job qualifications and the value of the job they are being hired to do, not what prospective employees made in the past, 148 Martine Ave., 8th Floor, White Plains.

Pension benefits, Mr. Cuomo noted, are often based on an employee's total income in the last few years of employment, and not just on base salary.

Employees with base salaries of $ 200,000 «remained fairly constant and represent a small cadre of qualified and experienced professionals that Nassau County depends on for delivery of county services.»

The starting base salary will be $ 47,484, up approximately 9 % from the 2016 level of $ 43,692 and just above the threshold of $ 47,476, below which employers are required to pay employees for overtime.

Dr Weisel adds: «From the point of view of an organisation seeking to reduce corrupt behaviour, assuring a decent base salary that does not depend on performance can reduce the likelihood that its employees engage in brazen lying.»

During the period studied, the employee contribution rate was 9 percent of earnings, and the benefits formula was based on employees» years of service and salary at the time of retirement.

The state calculates the money associated with each teacher and instructional - support unit for every school based on four factors: the costs of teacher salaries, employee benefits, classroom support, and other current expenses.

An Instructional Designer with late - career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $ 81,000 based on 124 salaries.

An experienced Instructional Designer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $ 73,000 based on 489 salaries.

An Instructional Designer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $ 66,000 based on 774 salaries.

Because pension formulas are typically based on the employee's highest three or five years of salary, they should try to do everything in their power to make their peak earning years count.

In New York, as in most other states, pensions are based on an employee's years of service and final average salary, and teachers, principals, and superintendents all participate in the same retirement system.

The last - minute changes to the legislation come at a time when one prominent Wilmington - based charter school operator, Baker A. Mitchell, Jr., has been fighting media requests for months that have asked him to fully disclose the salaries of all employees associated with his charter schools — teachers as well as employees of his for - profit education management company, Roger Bacon Academy.

A supplement does not become part of the employee's continuing base salary but shall be considered compensation under s. 121.021 (22).

The change comes at a time when one prominent Wilmington - based charter school operator, Baker A. Mitchell Jr., has been fighting media requests for months that have asked him to fully disclose the salaries of all employees associated with his charter schools — teachers as well as those who work for his for - profit education management organization (EMO), Roger Bacon Academy.

«Supplement» means an annual addition to the base salary for the term of the negotiated supplement as long as the employee continues his or her employment for the purpose of the supplement.

In determining the grandfathered salary schedule for instructional personnel, a district school board must base a portion of each employee's compensation upon performance demonstrated under s. 1012.34 and shall provide differentiated pay for both instructional personnel and school administrators based upon district - determined factors, including, but not limited to, additional responsibilities, school demographics, critical shortage areas, and level of job performance difficulties.

For example, a school might match an employee contributions dollar for dollar up to 4 percent of a teacher's base annual salary, or they might offer a 50 percent match up to 4 percent of the teacher's base annual salary.

The ISO shall provide funds to the ISD in an amount sufficient to provide salary and benefits for employees of the ISD working in the innovative school based on the terms of the employment established by the IS operator

These so - called «traditional» pension plans provide retirees a benefit that is based on a formula incorporating the employee's number of years of service and final salary.

But instead of merely requiring employees to contribute the 5 percent, the state legislature simultaneously required localities to match those contributions with increases in base salary.

That benefit is usually a monthly payment in retirement, based on the tenure of the employee, his or her salary, and possibly other factors.

12 % to 20 % RCMP employee Average age at retirement: 54 Years of service: 31 Years collecting a pension: 32 Estimated value of pension at retirement: $ 820,000 to $ 990,000 (based on a projected real return of 2.8 % to 4.3 % a year) Amount of pension currently contributed by the employee: 31 % Pension benefit is equivalent to what percentage of worker's salary?

** Because a few of the comments posted were from people angry that I had compared a realtor's gross earnings to the annual (assumed) after - tax earnings of other professions, I just wanted to clarify: The wages listed above are based on StatsCan survey of hourly and salary employees and reflect gross pay, not net pay.

Federal government worker Average age at retirement: 58 Years of service: 26 Years collecting a pension: 27 Estimated value of pension at retirement: $ 560,000 to $ 660,000 (based on a projected real return of 2.8 % to 4.3 % a year) Amount of pension currently contributed by the employee: 33 % Pension benefit is equivalent to what percentage of worker's salary?

Ontario schoolteacher Average age at retirement: 59 Years of service: 26 Years collecting a pension: 30 Estimated value of pension at retirement: $ 650,000 to $ 840,000 (based on a projected real return of 2 % to 4 % a year) Amount of pension currently contributed by the employee: 50 % Pension benefit is equivalent to what percentage of worker's salary?

Also known as Pensions, Defined Benefit plans provide employees with income in retirement based on their salaries and years of service.