The U.S. Department of Labor list the "hourly compensation" for the main contries in the world, but what that index is?
2006-11-22 07:59:28 · 4 answers · asked by Ub 1 in Business & Finance ➔ Other - Business & Finance
It just means wage rate. It is what a person gets paid for an hour of work.
2006-11-22 08:02:46 · answer #1 · answered by regerugged 7 · 0⤊ 0⤋
If you're looking for a job in a fast food restaurant or at a shop at the mall and everyone is paying $8-9/hr, then a competitive hourly rate will pay $8-9/hr (as opposed to paying $6.50/hr). So a competitive hourly pay rate means that what they're paying is similiar (or competitive) to their peers. Difference between Team member and Sales Associate is largely semantics. Both could be doing exactly the same tasks and jobs. Some companies like to convey the idea of being a team and working together for success, hence they title the job differently. Good luck in your job hunt. No matter what kind of job you end up with, take the time to decide what you like and don't like about it. It will help you decide if college is a good choice and what kind of major and job you want.
2016-05-22 18:02:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
amount an individual would earn based on working for 60 min. This is also know as FTE= full time equivalent. What a person's total salary is for a week over a 40 hour work week.
Each state in the USA has it's own requirements as to what the minimum wage per hour is and there are exceptions to this, for example waitstaff in places to eat prepared food are usually exempt, long haul truck drivers rate per hour are computed differently. Check the Dept of Labor for the state that you live in, as it over rides federal law if it benefits the employee more then the employer.
2006-11-22 08:05:20 · answer #3 · answered by dillon Y 3 · 0⤊ 0⤋
Pay and benefits of jobs broken down into hourly increments.
2006-11-22 08:03:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋