Глоссарий
eng:[A][B][C][D][E][F][G][H][I][J][K][L][M][N][O][P][Q][R][S][T][U][V][W][X][Y][Z][9-0]
25 percentile
is such a meaning of position base pay under which 25% salaries are underlaying
75 percentile
is such a meaning of position base pay under which 75% salaries are underlaying
Base Pay
Benefits
Foreign trade turnover
The sum of the values of export and import of country or group of countries for definite period: the month, quarter, year. IN Russia the turn-over of foreign trade is taken into account is strict for calendar period irrespective of, trade agreement (protocol) and plan of which of period the importation and removal of goods are proceeded.
Fringe benefits
1. Non-monetary benefits offered to the employees of a company in addition to their wages or salaries. They include company cars, expense accounts, the opportunity to buy company products at reduced prices, private health plans, canteens with subsidized meals, luncheon vouchers, cheap loans, social clubs, etc. Some of these benefits, such as company cars, do not escape the tax net.
2. Benefits, other than dividends, provided by a company for its shareholders. They include reduced prices for the company's products or services, Christmas gifts, and special travel facilities.
Golden handcuffs
Golden handcuffs are a system of financial incentives designed to keep an employee from leaving the company. These can include employee stock options which will not vest for several years but are more often contractual obligations to give back lucrative bonuses or other compensation if the employee leaves for another company.
Golden handcuffs are a response by the companies in industries where it is common for highly compensated employees to frequently move from one firm to another, often before the company feels that it has earned a return on the investment in the employee.
Golden parachute
A golden parachute is an agreement between a company and an employee (usually upper executive) specifying that the employee will receive certain significant benefits if employment is terminated. Sometimes, certain conditions, typically a change in company ownership, must be met, but often the cause of termination is unspecified. These benefits may include severance pay, cash bonuses, stock options, or other benefits. They are designed to reduce perverse incentives.
Gross payroll
A company employee salary calculated proceed from existing wage rates or rates of pay before a moment of making deductions (various taxes, deduction for municipal insurance, payment and deductions); just gross payroll is used for definition sum industrial expenditure on labour payment.
Gross profit
The gross profit shall be the sum of the profit (of the loss) from the realization of the products (works, services), of the fixed assets (including the land plots) and of the other property of the enterprise, and also from the incomes from the extra-realization transactions reduced by the amount of expenditures by these transactions.
Gross sales
Cumulative sales (including sale on credit) in a given registration period, avaluated at total prices (prices of commercial invoices) without accounting of given discounts, returns of sold production, reductions of prices and other amendments.
Guarantees connected to resolution of collective labour dispute
While participating in the resolution of a collective labour dispute, members of a reconciliation commission and labour arbiters shall be released from their primary jobs, retaining their average wage for a period of not more than three months in the course of a single year. While participating in the resolution of a collective labour dispute, workers' representatives and their associations may not be subjected to disciplinary sanctions, transferred to a different job, or terminated at the employer's initiative without the consent of the body that authorized them for representative service. Federal Law No. 197-FZ of December 30, 2001 Labor Code of the Russian Federation
Guarantees to pregnant women and to women with children upon the cancellation of a labour contract
Employers shall not be allowed to cancel labour contracts with pregnant women on their own initiative, with the exception of cases where an organisation is liquidated. If a fixed-term labour contract expires during a woman's pregnancy the employer shall be required upon her request to extend the contract term to the time she becomes eligible for maternity leave. Employers shall not be allowed to cancel labour contracts on their own initiative with women who have children under three years of age, single mothers raising a children under fourteen years of age (or a disabled child under eighteen), and other persons raising children in these categories without a mother (with the exception of terminations under Item 1, Subitem a) of Item 3, Items 5-8, 10, and Item 11 of Article 81 of this Code). Federal Law No. 197-FZ of December 30, 2001 Labor Code of the Russian Federation
Industrial Production Index
Is an economic indicator which measures real production output. It is expressed as a percentage of real output with base year currently at 2002. Production indexes are computed mainly as fisher indexes with the weights based on annual estimates of value added. This index, along with other industrial indexes and construction, accounts for the bulk of the variation in national output over the duration of the business cycle.
Job Grades
Jobs are classified into an existing grade/category structure or hierarchy. Each level in the grade/category structure has a description and associated job titles. Each job is assigned to the grade/category providing the closest match to the job. The classification of a position is decided by comparing the whole job with the appropriate job grading standard. To ensure equity in job grading and wage rates, a common set of job grading standards and instructions are used. Because of differences in duties, skills and knowledge, and other aspects of trades and labor jobs, job grading standards are developed mainly along occupational lines. The standards do not attempt to describe every work assignment of each position in the occupation covered. The standards identify and describe those key characteristics of occupations which are significant for distinguishing different levels of work. They define these key characteristics in such a way as to provide a basis for assigning the appropriate grade level to all positions in the occupation to which the standards apply.
Job rights
The rights which employees may claim as theirs by virtue of performing a certain job. These may be an amalgam of their work conditions as laid down in a contract of employment: statutory rights, customary duties and benefits associated with a particular job. A good example of job rights is that of the (now abolished) Dock Labour Scheme: registered dockers were paid a wage even when there was no work available. Assertion of job rights is often a method of defence when managers seek to reorganize some aspect of work and employment.
Length of service
The length of uninterrupted service, entitling the employee to certain benefits and advantages.
Mean (Average)
is the sum of all meanings of position TC divided on their quantity.
Minimum wage (minimum amount of labour compensation)
Amount guaranteed by federal law of a monthly wage for the labour of an unskilled employee who has fully worked the norm of a work period during the performance of simple work in normal labour conditions.
Overtime payments
Qualifications
Subsistence minimum
The subsistence minimum is the socially recognized minimum level of income to avoid material poverty. The subsistence minimum defines the amount of funds necessary for a household to provide for the temporary essentials of life of the household’s members, at a very modest level.
Tariff ratio
Ratio between the hourly or daily tariff rate of a corresponding category of the tariff grid and the hourly or daily tariff rate of the first category accepted to be a unit of measurement. The average tariff ratio of the works or employees characterizes the extent of the complexity of the works and skills of the employees paid as per the given tariff grid.
Total Cash
Total compensation
Unemployment
Occurs when a person is available to work and currently seeking work, but the person is without work. The prevalence of unemployment is usually measured using the unemployment rate, which is defined as the percentage of those in the labor force who are unemployed. The unemployment rate is also used in economic studies and economic indexes such as the United States' Conference Board's Index of Leading Indicators as a measure of the state of the macroeconomics.
Wage advance
Monetary funds issued to employees for the first half of the month as wages. The advance sum usually amounts to 40% of the salary or time tariff rate, in case of piece-rate pay the advance sum is calculated on the basis of the last month's wage. The wage advance may not be paid, in this case wages for the first half of the months are accrued for the time actually spent on duty or for the work actually performed.
Wage rate
The money payment made to a worker for each'unit' of his or her labour input, usually measured either on an hourly time basis , or for each unit of output produced.
Wage rate (Base pay)
Fixed amount of an employee's labour compensation for the fulfillment of a labour norm (labour duties) of a certain complexity (skill) within a unit of time.
