Hertz Jobs with Part-Time, Telecommuting, or Flexible Work. Founded in 1918, Hertz is the largest rental car company in the world with locations in 150 countries worldwide.
Merit pay is an approach to compensation that rewards the higher performing employees with additional pay or incentive pay. Merit pay has advantages and disadvantages for the employees and the employer. But, all-in-all, merit pay is the best way to reward the employees that you most want to keep. Merit pay sends a powerful message about what you want to recognize and reward in employee efforts and contributions.
DEFINITION of 'Elective-Deferral Contribution'. A contribution arrangement of an employer-sponsored retirement plan under which participants can choose to set aside part of their pretax compensation as a contribution to the plan.Also known as salary-deferral or salary-reduction contributions..Next Up. contribution arrangement of an employer-sponsored retirement plan under which participants can choose to set aside part of their pretax compensation as a contribution to the plan. Also known as salary-deferral or salary-reduction contributions.. Next Up.