What packages are offered to a marketing manager?

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istockphoto 1257268399 170667a
istockphoto 1257268399 170667a

Various factors affect the marketing manager salary . A company’s financial performance, the size of the company and projected growth, and the skills of the individual are all considerations when deciding how much one should earn.

What is a salary?

A salary is defined as an amount of money earned per year at work. This includes wages, bonuses or commissions for sales staff in their respective sales departments. 

Often when thinking about salaries this term encompasses both hourly wages paid by employers based on hours worked (sometimes called pay-per-hour) and fixed annual salaries with benefits packages for managerial level employees in both public and private sectors.

What is a salary package?

A salary package is defined as the total remuneration (money) that comes with the offer of employment. This includes fixed salaries, bonuses, commission, benefits and other incentives.

What is your hourly wage?

If you are paid by the hour this means you are an hourly worker. If you are an hourly worker you should know what your wage or wage rate is before accepting any job offer to ensure that the wages meet your needs. 

Some employers pay the same wage to all employees, other employers base their wage on factors such as skill, seniority and length of service.

What is a salary survey?

Salaries surveys are services that calculate what people earn in various industries and occupations.

 These services also help define what people need to earn in order to support a certain lifestyle. For example, $30,000 per year is considered a low salary for an average family of four. 

Some benefits enjoyed by the surveyed employees often include vacation and holiday time and health insurance coverage among other things.

A salary survey is a form used by employers to determine how much to pay their employees; it provides an average of what people earn in a certain position and allows employers gauge their compensation policy. 

The results also allow employers to know if their salary levels are competitive with other companies and the labour market; it can be used as a guide when setting salaries for new employees or updating the existing salaries.

What is the difference between an hourly worker and salaried employee?

There are several differences between an hourly worker and a salaried employee. 

An hourly worker, also called an hour-worker, works by the hour for an employer; they typically work either 40 hours per week, 5 days per week or a combination of both. 

A salaried employee works by the month or year and does not typically work more than 40 hours per week.

What is a paper cutout?

A paper cutout is a person who is visually similar to you but does not have all of your qualifications – such as skills, experience and education.

 A paper cutout may be someone with skills and experience that fit your required position but that person may lack qualifications required for the job or do not meet all criteria you need to qualify for the job.

What is a job description?

A job description is a written, well-organized summary of what you do and what you are expected to do in a job. It is a very concise list that explains your main responsibilities, skills, abilities and work history.

 A competent job description states your employment goals and includes the specific tasks that need to be accomplished. 

A good job description also outlines the company’s business priorities so it becomes clear how best to meet these goals.

What is a job applicant?

Job applicants are people who have been invited by an employer to apply for a position.

 The person interviewed for this position will be required to perform specific actions in order to determine if they are qualified for the position.

What is an earnings statement?

An earnings statement is a document that details your wages, fees and benefits that you received during a specific time period.

 It is often required by your employer for tax purposes; it includes the salary, hourly wage, overtime fees and commissions. It also includes any bonuses or lump sum payments (such as payment of accrued annual leave) you may have received.

What is the future of the marketing manager?

The future employment of marketing managers is expected to grow at an average rate over the next ten years; more specifically jobs are expected to increase by 15% over this period.

 The increase in demand for marketing managers is expected due to the high level of training and education required for this job.

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