Around 800 pilots are demanding fixed salary and a probe into alleged mismanagement, among other things.
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The banks were told then to introduce a ratio between fixed salary and bonus elements.
Even with such approval, flexible pay can only rise to twice the level of fixed salary.
The contracts will give GPs a fixed salary and will give them more flexibility in how they work.
He had to work 40 hours a week and was paid a fixed salary, even if there was no withholding!
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The European Union last week moved to impose a strict limit on bank executives' bonuses that forbids bonuses from exceeding a banker's fixed salary without shareholder approval.
You begin to accept that, for better or worse, the old rules and rewards system is falling apart and the simple equation of exchanging your time and skills for a fixed salary and defined benefits over a 30-year period no longer adds up.
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Under 5% of the US wage earners make the minimum wage or less, which means that since wage earners only represent a bit over half the total work force (the rest are paid a fixed salary), those who earn the minimum wage make up less than 3% of the total work force.
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Where pay in the past has been 10% to 20% fixed income, or salary, and 80% to 90% variable income, or bonus, most banks are raising salaries to reduce the bonus portion.
More importantly, players will be willing to continue setting the salary cap as a fixed percentage of revenue.
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At the same time, the company enjoys relatively low and fixed costs of goods sold as the salary paid to its wrestlers is roughly the same no matter how many viewers see a match.
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Final salary schemes, which guarantee a pension equivalent to a fixed proportion of workers' final wages, provide a more generous retirement income than defined contribution schemes, which are tied to stock market performance.
But potential recruits saw the salary figures as a starting point, and bargained for pay beyond the fixed limits.
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