Supplemental wages
Supplemental wages refer to any earnings an employee receives in addition to their standard salary or hourly pay. Since this type of compensation is not part of regular wages, it can be issued on a different schedule—such as through annual bonuses or monthly commissions. Understanding Supplemental Pay Other common forms of supplemental wages include performance […]
Summary plan description (SPD)
A summary plan description, or SPD, is a document that employers must provide, free of charge, to employees and beneficiaries who are part of retirement or health benefit plans governed by the Employee Retirement Income Security Act (ERISA). It outlines essential information about the plan, including how it works, what it covers, and the rights […]
Summary dismissal
Summary dismissal, also known as “instant termination,” is when an employer ends an employee’s contract immediately, without prior notice or following the standard disciplinary steps. This action is typically taken in response to severe misconduct, such as theft, violence, or a blatant violation of workplace policies, that seriously undermines the trust or safety of the […]
Straight-time pay
Straight-time refers to the regular hours an employee works at their standard hourly wage, not including overtime, bonuses, holidays, or paid time off. “Straight-time pay” is simply the total compensation for those standard hours. Although it’s often associated with the first 40 hours worked in a week, this number can differ depending on state-specific labor […]