Employer D prospectively alters its compensation structure by reducing the hourly compensation paid to all employees.
The decline, combined with an increase in hourly compensation, led to a 4.5 percent increase in unit labor costs.
Rising costs, as a consequence of rising hourly compensation, is then bittersweet news.
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By contrast, real hourly compensation first rose to 105.1 percent of its pre-recession level but has since dropped to 98.3 percent.
Employees who do not incur expenses for cleaning products and equipment in connection with their jobs for Employer D, or who do not properly substantiate such expenses to Employer D, continue to receive the lower hourly compensation and do not receive any reimbursement and are not compensated in another way (for example, with a bonus) to substitute for the reduction in the hourly compensation.
Hourly fee-based compensation is not tethered to accountability.
On the surface, shifting from a commission-based compensation to an hourly fee-based approach seemed like an astute move for Advertisers.
The majority of compensation agreements today are based on hourly billing rates.
Stockbrokers and insurance agents generally work on commission, while Registered Investment Advisors tend to charge either an hourly fee or a percentage of assets under management as compensation.
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