"Prorating" avalue means to modify either the amount or the quantifier. For example, "we will prorate your yearly bonus, which is a percentage of your yearly salary, for the fractional year." So by common usage and by definition, your YEARLY bonus was prorated....
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of CTC comprises compulsory deductibles. These include deductions for provident fund, medical insurance etc. They form a part of your compensation structure but you not get them as a part of the in-hand salary. As such, although it increases your CTC, it does not increment your net salary....
33% don't because they can contribute directly. Another 21% don't know how to do it, while 18% more are concerned about the consequences. Some who are worried about the consequences are perhaps right (pro-rata issues) and some perhaps are wrong (step transaction concerns). One person eve...
Employees exempt from the FLSA do not have to be paid minimum wage or overtime. These employees can be paid a fixed salary per week of work without regard to the number of hours they work. It is generally wise to keep track of the hours worked by your salaried employees for your own ...
What Does FTE Mean in Academic Budget? byFraser Sherman Published on 19 Oct 2018 A full time equivalent employee is a term used by colleges, universities and other organizations when budgeting for staff costs. Suppose the math department needs to budget for a new teacher. It can hire one ful...
Does the above strike anyone else as awfully strange language? Why contrast less than one in seven with more than one in six? Those could conceivably be exactly the same numbers. I suppose it's possible that's the entire point, but if that is so, why not word it "last year, that pe...
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