List of Common Salary Types and Allowances in Private Sector Jobs
Here's a list of salary types and allowances that are commonly offered in private sector jobs: I. Salary Types: Base Salary: The fixed amount of money that an employee is paid for their job responsibilities and performance. Bonus: An additional payment made to an employee based on their performance or the company's performance. Commission: A payment made to an employee based on the amount of sales they generate. Overtime Pay: Additional pay given to an employee for working beyond their normal working hours. II. Allowances: Housing Allowance: A payment given to an employee to cover the cost of housing expenses. Transportation Allowance: A payment given to an employee to cover the cost of transportation expenses. Medical Allowance: A payment given to an employee to cover the cost of medical expenses. Education Allowance: A payment given to an employee to cover the cost of education expenses, such as tuition fees. Travel Allowance: A payment given to an employee to cover the cost