Unit 10 Flashcards
1
Q
Compensation administration
A
The process through which employee earnings are calculated and the appropriate remittances are paid to employees, governments, and other agencies
2
Q
Initial dip
A
A tendency for performance to decline during the initial stages of any change
3
Q
Compensation cost ratio
A
The ratio of total compensation costs to total costs or to revenues
4
Q
Average employee earnings
A
Total compensation divided by the number of full-time equivalent employees
