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Insights for Employers
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Business Terminology: Key Terms and Definitions You Need to Know
Gross profit, margin, markup, net profit, overheads, revenue, turnover. There’s a lot of business terminology that we regularly hear, but aren’t always sure what they refer to. Many people confuse gross and net profit and other business terms, but it’s important to know exactly what you’re talking about especially when it comes to interviews. If…
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Working for a Large Company vs. Working for a Small Company: The Pros and Cons
When you’re planning your next career move, there are lots of things you need to weigh up: the industry, your salary expectations, what role you want and, of course, the type of company you’d like to work for. Deciding whether or not a company is right for you may involve more aspects than you think…
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What is a Profit Share Scheme and Why is it Better than Commission?
Many businesses are now opting for a profit share scheme in place of the traditional commission structure. What is a profit share scheme? A profit share scheme is when the profit a business achieves is allocated amongst its employees and paid as one lump sum, commonly on an annual basis. How much an employee will receive…