Bereavement Allowance
Bereavement allowance is a term used to describe financial support given to individuals after the death of a loved one. In the workplace context, this often refers to payments or paid leave that an employer provides to an employee who has lost a family member, to compensate for lost income during their time off. It’s […]
Basic salary
Basic Salary (Base Salary) Defined: Basic salary, also known as base salary or base pay, is the fixed amount of compensation that an employee earns in exchange for their work, before any extras or deductions come into play. In simple terms, it’s the core, guaranteed part of an employee’s pay. This base is agreed upon during hiring and […]
Back pay
Back pay is the money owed to an employee for work they’ve already performed but did not receive payment for at the correct time. In essence, it’s a “catch-up” payment. The difference between what an employee should have been paid and what they actually received. Back pay can include any type of compensation that was missed, such as unpaid regular wages, […]