What is the difference between salary and remuneration?

Article by: Eva Correa | Last update: April 10, 2022
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In principle, they are an economic remuneration that a worker receives for his services. The difference is that the salary is a fixed amount that is calculated under regulated premises and incentives, and the salary is a variable amount, which is calculated in terms of production and does not include tax benefits.

What is the remuneration?

Remuneration is any type of remuneration and/or compensation offered as compensation for the provision of a service or assignment of assets. Remuneration can be seen as any payment or consideration between two or more parties for the assignment of some necessary factor.

What is the difference between salary and fees?

Fees are the payment received by people who independently provide a service to a company or individual. This means that these collaborators provide a service, but there is no subordination in this relationship and there is no salary. What there is is a payment for fees.

What is better to work for payroll or for fees?

By charging fees, in theory, you make more money. Many people justify working for fees because they receive a better income. You are not generating any retirement savings.

What does it mean to work for fees?

In the fee contract, there is NO link of subordination and dependency. The parties are only bound by a relationship that is limited, on the one hand, to the fulfillment of the specific service with respect to the person who contracts it, and on the other, to the payment of the service by the lessor or principal.

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What are the example remunerations?

Mainly, there are four: salary, bonus, commission and benefit. Salary: the salary is considered the mandatory money that all companies must remunerate and pay their employees, as a form of compensation for having their services and carrying out the ordered work activities.

What types of staff compensation exist?

How many types of compensation exist today?

Salary in money. The salary in money is the one that is delivered through the current currency, the legal currency. … Salary in kind. … Ordinary salary. … Fixed and variable salary. … Mixed salary. … Proportional salary. …Nominal salary.

How are salaries classified?

main and accessory

Principal Remuneration is considered when it responds to the fundamental consideration agreed in the contract, for example: seniority bonus, salary, among others. The Accessory Remuneration is that which is calculated on the main remuneration, as well as the bonus or overtime, etc.

What types of remuneration exist in Chile?

What types of remuneration exist in Chile?

    Salary. … bonus. … Commission. … Stake. … Gratification. … Bonds. … Running week.

What types of remuneration are there in Chile?

According to article 42 of the Labor Code, in Chile there are five types of remuneration:

    Salary.Bonusage.Commission.Participation.Gratification.Payment on the seventh day or week in a row.

How long can a worker with a fee contract be?

However, the law does not establish a specific time in which you can be with a fee ticket, so that a person can work as an independent all his life if he wants.

What are the rights of people hired for fees?

Theoretically, the rights of workers with a fee contract or contract for the provision of services are the same as those of all dependent workers (public or private): legal holidays or paid vacations; prenatal, postnatal, postnatal parental leave and right to paid medical leave; payment or whole…

What rights do fee workers have?

Bonus premiums. Vacation premiums. Participation in the profits of the company. Promotion of housing and savings (Contributions to INFONAVIT and SAR)

When you work for fees, advantages and disadvantages?

Just as there are advantages, there are also disadvantages (so to speak). People with professional activity for fees, not having an employment contract, do not enjoy social security (IMSS, ISSTE), utilities, or any type of social benefits granted by labor legislation.

What are the benefits of working for fees?

An employee for fees does not have the right to profit sharing, however, he has other advantages, read and pay attention: One of the benefits for the company is that hiring an employee for fees implies that the company does not have to worry by Social Security or by the contribution.

How much is earned in fees?

How much does a Fees earn in Mexico? The average fee salary in Mexico is $120,000 a year or $61.54 an hour. Entry-level positions start at an income of $84,000 a year, while more experienced professionals earn up to $216,000 a year.

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