What is the primary difference between the salaried and the flexible hourly compensation plans?
iBridge offers each employee the flexibility to choose between these two full-time compensation plans. Both plans offer full-time employment and allow each employee the same opportunity for advancement and long-term career growth, and provide for other important benefits such as the Company 401K and Profit Sharing Plan, I.T. training reimbursement, employee referral bonuses, and the Medical and Dependent Care Flexible Spending Accounts. The primary difference is that iBridge provides for the employees insurance benefits under the traditional salaried plan, and each salaried employee is paid for hours worked in excess of standard work hours at a rate equal to his/her salary divided by 2,080 work hours. Under the flexible hourly plan, each employee receives a larger hourly pay rate for each hour that he/she works (including overtime), and is eligible to purchase insurance benefits on an ala cart basis primarily through pre-tax payroll withholding. Please refer to the Benefits page for fu
Related Questions
- Are there plans for greater differentiation between Symphony and Media Composer, right now primary difference is secondary color corrector?
- What is the primary difference between the Global Student USA and Global Student USA Preferred plans?
- What is the primary difference between the salaried and the flexible hourly compensation plans?