A merit increase is a performance-based increase in an employee’s wages. A merit increase can be applied to hourly or yearly wages. If an employee is paid by the hour, he usually gets a merit increase in such a way that he gets a higher per hour rate. For example, if he gets $10 per hour, after...
Living expenses is an umbrella term that refers to everything that a person has to pay for in order to maintain his way of life. It is really a broad term that covers so many different aspects of one’s life. More so, since living expenses are based on a person’s lifestyle, they will vary widely...
Sociology uses socioeconomic status to classify people. This classification uses the measure of someone’s wealth and their social standing (level of education, where they live). The classifications are used to address various issues within communities from the housing issues, prevalence of crime...
Purchasing power refers to the amount of goods or services that can be paid for with one unit of currency. It reflects the capability of consumers to buy those goods and services with a certain amount of currency. Purchasing power increases directly with the amount of goods and services that can...
A letter of guarantee is a piece of documentation that can be requested from your bank or other financial institution with the purpose of providing additional support for a transaction or contract. A letter of guarantee basically provides concrete confirmation that an individual, who is a client...
Online brokers are a great option to manage investment portfolios especially in today's economy. Investors have steadily relied on financial advisors and brokers for decades to maximize investment returns and for advice on funds placement. Using an online broker has many advantages, including:...
The basics of home insurance are simple, you pay a monthly fee and in return you are reimbursed for damage that occurs to your home and the contents inside your home, however some providers offer additional benefits that the average homeowner may not be aware of. When browsing for home insurance...
Solar technology producer SolarWorld AG has asserted that a surge in imports of solar energy equipment from China has been devastating for solar companies in the United States. Complaints of U.S. Solar Firms Solar firms in the United States maintain that imports from China have severely hurt...
cc licensed flickr photo shared by Julien Haler Travel is still one of the biggest industries in the world today, despite an economic slump that has plagued the world for several years. Some states in the US have more visitors, and many more money than others. In fact, some states rely on tourism...
The world's largest chain of coffee shops, Starbucks Corp., is closing stores and shedding 6,700 jobs in the face of a lower first-quarter profit than anticipated. This move will put 6,000 workers in stores and 700 corporate employees out of work. The plan is for the company to close 200 stores in...
