Fortune Cat is known as Maneki Neko in Japanese, which means âbeckoning cat.â The cat has its paw raised as if itâs waving in good fortune for its owners. Other common monikers include Lucky Cat, Money Cat, and Welcoming Cat.
Note: You can't unilaterally take away the right to a salary increase if it's guaranteed. In other words, if you guarantee your employees' salary increases in their employment contracts, you can't just remove this right and replace his employment contract. This equals breach of contract from your part! I..e. Changing a 13th cheque with a discretionary annual increase.
Yesterday, the Department of Labor (DOL) announced it was proposing a new rule raising the minimum salary level to qualify for an exemption to the 40 th percentile of weekly average earnings of full time salaried employees nationwide.For 2013, this equates to $921 per week, or $47,892 per year.For 2016, when the rule will likely go into effect, this will likely equate to $970 per week or $50,440 per year.xpressing the minimum salary as being at the 40 th percentile â the level at which 40% of salaried workers earn less than the amount and 60% earn more â means that the minimum salary level will change each year.