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The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...
Belongingness needs are such as intimate relations and friends. Self-esteem needs include prestige and feeling of accomplishment. Self-actualization needs include the feeling of having achieved full potential. According to Maslow’s theory, employees will be motivated if they feel all these needs are satisfied.
A performance appraisal, also referred to as a performance review, performance evaluation, [1] (career) development discussion, [2] or employee appraisal, sometimes shortened to "PA", [a] is a periodic and systematic process whereby the job performance of an employee is documented and evaluated.
Social Security System (Philippines), for private employees and the self-employed (includes those de facto working for the government but not de jure - not having a [direct] "employer-employee relationship" such as through "Contract of Service (CoS)" and "Job Order (JO)" types of engagement)
Socialist self-management or self-governing socialism was a form of workers' self-management used as a social and economic model formulated by the Communist Party of Yugoslavia. It was instituted by law in 1950 and lasted in the Socialist Federal Republic of Yugoslavia until 1990, just prior to its breakup in 1992.
SEP-IRA contributions are treated as part of a profit-sharing plan. For employees, the employer may contribute up to 25% of the employee's wages to the employee's SEP-IRA account. For example, if an employee earns $40,000 in wages, the employer could contribute up to $10,000 to the SEP-IRA account.
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