Term of Day
Uh oh! You're not
Term of Day
+ Create New Flashcard
that is considered to be a key
Internal Revenue Service (IRS)
defines a key employee as anyone who owns greater than 5% of the company assets and/or receives compensation that is over a certain
set by the IRS. This employee may also be an
with voting rights that can affect the company. Also called
highly compensated employee
You Also Might Like...
How to Find a New Employee
Trying to find a new employee can be a challenge, especially if you are replacing another employee that performed well. Even if you were hiring an employee for a new position, matching a prospective employee's qualifications to the activities they ...
Four Key Components of Weighing Employee Value
How to Make Layoffs
Employee vs. Independent Contractor
For many individuals at some point in their career they may have to decide whether or not they want to work as an employee or an independent contractor. For employers this can be an important decision also as there are numerous tax and regulatory ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: