Engineering Salaries. on the Rise. In the 2012 Engineering Income and Salary Survey, conducted by the American Society of Mechanical Engineers (ASME) and the American Society of Civil Engineers (ASCE), we look at the state of salaries and the job market in the field of engineering.
Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.
Workers Comp. In general, Workers Compensation is insurance you the employer purchase from a private insurance company to cover the cost of medical care and lost income to any employee who is injured while performing work-related duties. (Note that loss income in most circumstances is capped at 2/3rds of gross earnings.