Total cash
It refers to all fixed and variable pay received by an employee during one year.
Total Cash = Fixed Pay + Short term variable pay
Example:
Let's say we have an employee that received last year the following gross amounts:
- Basic pay (salary) per month - 1000
- Christmas bonus - 1000
- Performance bonus - 2000 - twice a year
- Sales bonus - 3000 - once a year
- Meal vouchers - 300 per month
Elements that are considered to be part of Total cash: basic pay, Christmas bonus, performance bonus, sales bonus.
Total cash = (1000 x 12) + 1000 + (2000 x 2) + 3000 = 20000
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