Marcus TLE

Those who work for others

• Employer

• Employee

• Wage

• Compensation/Income

refers to the

remuneration or rewards that an employee gets

from his or her employer for the services he/she

gives the latter

• Employer

• Employee

• Wage

• Compensation/Income

the person or company for whom an

employee works for

• Employer

• Employee

• Wage

• Compensation/Income

defined as payment for work or services

rendered that is computed on hourly, daily, or

weekly basis

• Employer

• Employee

• Wage

• Compensation/Income

is a form of wage that is fixed and

computed weekly, every 15 days, or monthly

• Piece Rate

• Percentage

• Salary

• Benefits

Paid on a per piece basis

• Piece Rate

• Percentage

• Salary

• Benefits

are non

financial forms or compensation offered in addition

to cash to enrich employee’s life

• Piece Rate

• Percentage

• Salary

• Benefits

refers to the excess payment

over the regular rate

the amount of pay that the employee

gets after deductions are made. It is also called as

take home pay

It is is a

social insurance program for employees in the

Philippines.

• Social Security System

• Government Service Insurance System

• Philhealth Premium Contribution

• PAG-IBIG Contribution