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1 variable material consumption
The time-based quantity of material resource to be used in an assignment. A variable consumption indicates that the amount of material that is used changes if the task duration or assignment length changes.English-Arabic terms dictionary > variable material consumption
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2 variable cost
A cost that varies based on production or sales volume. -
3 profit sharing
A broad-based variable compensation plan that awards employees based on company profits and distributes some portion of company profits to employees. Profit sharing is a means to motivate employees to focus on profits. -
4 stock grant
"Variable compensation in the form of company stock that is granted outright. Stock grants are almost always restricted in some manner, and vest over time. For example, a grant of 900 shares may be made available to an employee over three years, with 300 shares transferring to employee ownership at the end of each year. Dividends for the stock, however, are often paid to the employee each year based on the number of shares of the grant retained by the company." -
5 gain sharing
A variable compensation plan that rewards employees based on their achievement of a predetermined goal which is usually associated with a program or project that promotes cost-cutting or other productivity improvements. -
6 recommendation work stream
"A set of activities that are created for a fixed or variable compensation plan. These activities include calculating a guideline increase or award based on the algorithm associated with a specific compensation action, entering a recommended increase or award, presenting the recommendation for approval (if required), and loading the recommendation to the employee."English-Arabic terms dictionary > recommendation work stream
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7 cycle start date
The beginning date of the active period on which the variable compensation award is based. -
8 cycle end date
The final date of the active period on which the variable compensation award is based. -
9 task type
"A characterization of a task based on which aspect of the task is fixed and which aspects are variable. There are three task types: Fixed Units, Fixed Work, and Fixed Duration. The default task type in Project is Fixed Units." -
10 mandate
A source document that documents an agreement between a payee and a payer based on an understanding that the payee is authorized to collect fixed or variable direct debit payment amounts from the payer's bank account.
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