paying an employee on a net pay basis
Definition. According to the U.S. Department of Labor, when an employee is paid on a salary basis, this means essentially that she receives regular pay on a regular basis, and that this amount doesn't fluctuate in regard to the quality or quantity of work actually performed.or the employer, offering a paid salary means negotiating. Naturally, employees considering accepting a salaried position want to make sure that they're paid as much as they think they'e worth --- and although you may want to compensate them accordingly, you have your bottom line to think about.
For example: The employee typically receives a net pay of $1800 every semi-monthly cycle, CP will advance the employee this amount on July 27 and will recover the advance in 10 equal payments of $180 net until the amount is fully recovered by year end.ith the switch happening on pay period 14, the now âex-current paidâ employees will not receive a regular net pay on this pay cycle. Effective with pay period 15, all employees will be on the same pay cycle (days worked from July 16 through to July 31) and their next pay date will be August 10.