Net Pay

It refers to the amount of money an employee receives after deductions and withholdings have been subtracted from their gross pay. It represents the actual take-home pay that an employee receives in their paycheck. Deductions may include taxes, such as income tax and payroll taxes, as well as contributions to retirement plans, health insurance premiums, and other benefits. Net pay is the amount that an employee can use for personal expenses or savings after all necessary deductions have been made.

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Pay Structure: A great employee retention tool in both good and bad times


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