HR best practices

The minimum amount of compensation is based on labor laws and ensures fair wages.

The rule of compensation outlines how businesses determine wages for employees.

Compensation amounts are calculated by adding salary, bonuses, and other benefits.

Gross pay refers to the total earnings an employee receives before taxes and deductions.

A salary period refers to the time frame in which an employee is paid.

Salary is calculated by adding base pay, bonuses, and other forms of compensation.

Monthly compensation includes salary, bonuses, and other benefits provided by the employer.

Monthly pay refers to the regular salary provided to employees on a monthly basis.

Basic salary refers to the core wage paid to an employee before any bonuses or benefits.

A compensatory fee is used to account for employee compensation and ensure fair wages.