GENERAL KNOWLEDGE

GK

HUMAN RESOURCE MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The amount of money a salaried employee is paid does not change, no matter how many hours per week are worked.
A
true
B
false
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Someone who is paid a salary is paid a fixed amount in each pay period, with the total of these fixed payments over a full year summing to the amount of the salary. This person is considered to be an exempt employee. There is no linkage between the amount paid and the number of hours worked.

Detailed explanation-2: -Remuneration is the total amount paid to an employee. It may include a salary or hourly rate, bonuses, commissions, or any other payment.

Detailed explanation-3: -(2) No wage-period shall exceed one month. 1 Subs. by Act 38 of 1982, sec. 6, for “industrial establishment” (w.e.f. 15-10-1982).

There is 1 question to complete.