severance pay

Examples of severance pay in the following topics:

• Case: China establishes a new employment contract law for 2008

  • If an employer hires an employee whose contract with another employer has not yet been terminated or ended, causing the other employer to suffer a loss, it shall be jointly and severally liable with the employee for damages.
  • If the employee(s) they placed suffers harm as a result, both the staffing firm and company that accepted the employee shall be jointly and severally liable for damages.
  • An employer that fails to pay an employee his salary, pays below the local minimum wage rate, fails to pay overtime or terminates a contract without paying the employee severance or without cause will also pay varying damages as stipulated in the new law.

• Another twist: capitalizing on guilt

  • Similarly with greenwashing, the concept of paying a second party to atone for the sins of the first appears to still be alive and well.
  • For example, some airlines will voluntarily add a few dollars to the price of their tickets and several power companies provide the option of paying a higher monthly fuel bill to help offset carbon emissions.

• The Meaning of Price

  • Because the customer feels there is value in having a good wedding photographer, they are willing to pay prices that are not related to the cost.
  • Buying something means paying a price.
  • Whereas the price of a product is what you, the consumer has to pay to obtain it, the cost is what the business pays to make it.
  • Consequently, the customer uses several criteria to determine how much they are willing to expend, or the price they are willing to pay, in order to satisfy these needs.
  • Ideally, the customer would like to pay as little as possible.

• For-profit marketing versus nonprofit marketing

  • For-profit marketers measure success in terms of profitability and their ability to pay dividends or pay back loans.
  • There are several other factors that require adjustments to be made in the marketing strategies for nonprofits.

• Credit Cards

  • Credit cards allow users to pay for goods and services based on the promise to pay for them later and the immediate provision of cash by the card provider.
  • It allows the cardholder to pay for goods and services based on the promise to pay for them later and the immediate provision of cash by the card provider.
  • Merchants are charged several fees for accepting credit cards.
  • The merchant may also pay a variable charge, called an interchange rate, for each transaction.
  • In many cases, there is a delay of several days before funds are deposited into a merchant's bank account.

• Short-Term Loans

  • At KKR's option, these loans could then be replaced with eight-year corporate bonds (in effect, a put option) paying 11.75 percent.
  • It allows the cardholder to pay for goods and services based on the holder's promise to pay for them.
  • The basic loan process involves a lender providing a short-term unsecured loan to be repaid at the borrower's next pay day.
  • Typically, some verification of employment or income is involved (via pay stubs and bank statements), but some lenders may omit this.
  • Bridge loans are used in venture capital and other corporate finance for several purposes:

• Pay Systems

  • His system offered two different rates for the same job: A higher pay rate if the work is finished quickly and with high quality, and a lower rate for slower, lower quality work.
  • His system offered two different rates for the same job: a higher paying rate if the work is finishes quickly and with high quality, and a lower rate for slower, lower quality work.
  • Wage payment systems are the different methods adopted by organizations by which they remunerate labor There exists several systems of employee wage payment and incentives, which can be classified as following:
  • Taylor Differential Piece Work System Merrick Differential Piece Rate System Combination of Time and Piece Work Gantt Task and Bonus System: The system consists of paying a worker on a time basis if he does not attain the standard and on piece basis (high rate) if he does.
  • In the legal profession, where this system is most commonly found, all law school graduates hired by a law firm who graduated in the same year, receive the same base pay, regardless of the background, experience, or ability of each.

• Advantages of Sole Proprietorships

  • This form of business has several advantages .
  • No payroll set-up is required to pay yourself.
  • They do need to comply with licensing requirements within the states in which they do business and they do need to pay attention to local regulations.
  • Sole proprietorships also do not pay corporate taxes.

• Demand-Based Pricing

  • If done successfully, then in theory no customer will pay less for the product than the maximum they are willing to pay.
  • Yield management is a large revenue generator for several major industries (including airlines and hotels).
  • Product bundling is a very common marketing strategy which involves offering several products for sale as a combined unit.
  • If this is done successfully, then theoretically no customer will pay less for the product than the maximum they are willing to pay.
  • Product bundling is a marketing strategy that involves offering several products for sale as one combined product.

• Secured vs. Unsecured Funding

  • If the borrower does not pay back the mortgage within the agreed upon terms, the lender may seize the property.
  • A foreclosure is a legal process in which mortgaged property is sold to pay the debt of the defaulting borrower.
  • If the sale of the collateral does not raise enough money to pay off the debt, the creditor can often obtain a deficiency judgment against the borrower for the remaining amount.
  • Interest rates on unsecured loans are nearly always higher than for secured loans, because an unsecured lender's options for recourse against the borrower in the event of default are severely limited.
  • An unsecured loan means the lender relies on the borrower's promise to pay it back.