A living wage is a socially acceptable level of income that provides adequate coverage for basic needs such as food, housing, children’s services and health care.
The cost of living allows you to spend no more than 30% on rent or mortgage and well above the poverty level.
The concept of a living wage is not new and goes back to early America when workers demanded higher pay.
The living wage should not be confused with the minimum wage, which is the smallest amount of money a person can earn under the law.
Proponents of the living wage say they boost employee productivity and morale, while critics say they can hurt the economy and force corporations to cut hiring.
The chief technology officer (CTO) is the chief executive who is responsible for managing the research and development (R&D) of an organization as well as its technology needs.
A retention bonus is a targeted lump sum payment or reward, in addition to an employee’s normal salary, that is offered as an incentive to keep a key employee at work.
Unemployment benefits are benefits paid to people who have recently lost their jobs through no fault of their own, such as being fired or closing a business.
Wellness programs are provided by companies, governments and insurance companies to encourage people to live healthier lives.
“These programs increase productivity, reduce sick days, reduce insurance costs, reduce employee turnover, and reduce workers’ compensation claims.