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Compensation
Compensation
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Definitions
Profit-Related Pay
Profit-Related Pay
Compensation
Economic Incentives
Employment Economics
The system of making pay a function of the employer’s profits.
Read more about Profit-Related Pay.
Definitions
Perquisites
Economics
Labor Economics
Compensation
Perquisites: Payments in kind attached to jobs, such as company cars and medical insurance.
Read more about Perquisites.
Definitions
Compensation for Externalities
Externalities
Economic Efficiency
Polluter Pays Principle
Equity
Compensation
Compensation by those causing adverse externalities to the victims of these externalities.
Read more about Compensation for Externalities.
Definitions
Equalizing Wage Differential
Labor Economics
Wage Theory
Compensation
A wage differential necessary to compensate workers for non-pecuniary disadvantages of a job.
Read more about Equalizing Wage Differential.
Definitions
Fringe Benefits
Fringe Benefits
Employee Perks
Compensation
Employment
Additional benefits provided to employees beyond salary, bonuses, and pensions.
Read more about Fringe Benefits.
Definitions
Payroll
Economics
Labor Economics
Payroll
Compensation
A list of those employed by a given firm, or the amount paid to them.
Read more about Payroll.
Definitions
Redundancy
Labour Economics
Employment
Labor Law
Compensation
Termination of employment due to a decline in employer's need for labour.
Read more about Redundancy.
Definitions
wage(s) - Definition and Meaning
Wages
Employee
Compensation
Labor Economics
Understanding Wage(s): Payment for work performed by employees, typically calculated based on hours worked, and contrasts with salaries received by independent contractors.
Read more about wage(s) - Definition and Meaning.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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