The system of making pay a function of the employer’s profits.
Perquisites: Payments in kind attached to jobs, such as company cars and medical insurance.
Compensation by those causing adverse externalities to the victims of these externalities.
A wage differential necessary to compensate workers for non-pecuniary disadvantages of a job.
Additional benefits provided to employees beyond salary, bonuses, and pensions.
A list of those employed by a given firm, or the amount paid to them.
Termination of employment due to a decline in employer's need for labour.
Understanding Wage(s): Payment for work performed by employees, typically calculated based on hours worked, and contrasts with salaries received by independent contractors.
