What’s a cnor (pronounced “KNEES”)? It’s a term for the amount of money someone would have for an investment (like a home or a business), but it also means the amount of money someone would earn for the same investment.
It’s one of the most widely used terms in business, but is often misunderstood when we talk about salary. A salary is not the amount of money that someone makes in a given week, but the total amount of money that that person makes in a given year. For example, someone who makes $100,000 a year can only put $1,000 in a savings account or invest the other $1,000 in a business.
That person making 1,000 a year makes 100,000 times the money that someone making $200,000 makes in a year. In other words, the salary of your average CEO is much more than the salary of the average employee.
It’s interesting to note that the salary of the CEO at my largest accounting firm is very different from the salary of the employee. The CEO is paid a lot more, yet the employee is paid less. If you take into account the number of hours worked, the number of other people in the firm, and the number of people you’re paying your accountant, it’s pretty amazing that the CEO makes so much more than the employee.
Some of us even have jobs that we are compensated only for on a part-time basis, like part-time nurses. I work for a firm that has about 40 employees, half of whom are paid on a salary and the other half are paid on a commission basis. One of the reasons I work there is because I have to. I can’t really take vacation time or earn bonus pay when I actually work there. You have to work to be compensated.
I do not work for a “pay” company. I work for a company that pays me a salary. While the CEO of a company that pays me a salary is entitled to compensation equal to the salary I earn, the CEO of a company that only pays me on a commission basis (like a consulting firm) is not entitled to the same compensation.
I love that word “compensation.” Compensation is important. Compensation should mean the same thing for everyone, and every company should be able to offer a compensation plan that is fair, affordable, and gives employees the flexibility to keep their hours, their schedule, and their income. Paying your employees a salary and not giving them the flexibility to keep their hours, schedule, and income is not compensation. It is discrimination.
It is also a scam. The idea that you can just hire someone, put them on a plane, and then pay them a salary and send them home makes no sense. The entire concept of compensation is based on the idea that you can pay your employees a certain amount and get them to work the same hours as you do for a specific amount of money. It doesn’t work that way. All it does is give employees the power they didn’t have before, and it is theft.
If you are going to hire someone, you can expect them to do something for you. They dont have to do the same work as you do, or at least they shouldnt. They cant just sit on your couch all day. They are also not going to be paid for the work they do, and they shouldnt be paid for the hours they do it for.
Companies have been doing a lot of the same thing for years. Most of it is just a bit different wording. I understand that you dont want to be stealing from your employees, but it makes it look as if you are doing so.
