A stipend is a nominal amount of money paid to trainees, interns or students to cover basic expenses during their training.
Scholarships are offered to individuals, not salaries.
Interns, students, fellows and clergy often receive scholarships.
Taxes are not deductible from scholarships, but they are considered taxable income, meaning recipients must pay their own withholding taxes.
The government has certain standards and regulations regarding how and for what reasons scholarships can be awarded, as they can often be below the minimum wage.
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 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.
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.