Dott. Ing. Gianluca di Castri, FwAICE CCE/ICECA Equitable payment and performance related payment in engineering and construction1 A. General This paper aims at giving an updating about the performance related payment, as engineering and construction...
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Dott. Ing. Gianluca di Castri, FwAICE CCE/ICECA Equitable payment and performance related payment in engineering and construction1 A. General This paper aims at giving an updating about the performance related payment, as engineering and construction companies apply it. In theory, the basic criteria that can be used to pay subordinate people can be classified with regards to the method that is used to define the amount to be given as well as with regards to the means of payment. In this paper, we are only considering cash payments. However, some other forms of payment do exist, such as: • Benefits in kind: company, company car, and other fringe benefits. • Shares or share options, normally given only to top management positions. • Insurance or pension schemes. The value of some of those benefits should be added to the nominal wage, and in several cases it's necessary to perform this operation for fiscal reasons. This is the case of the pension schemes, shares and sometimes of the compa
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