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Gross Earnings vs Basic Earnings

  • 25-01-2012 4:57pm
    #1
    Trhiggy83
    Registered Users, Registered Users 2 Posts: 731 ✭✭✭


    Is there any difference between the term Gross earnings and basic earnings.
    My first contract in work has a clause that says i am entitled to 5 % of my gross earnings if my contract was terminated, but this word was changed to basic earnings for my second contract.

    It seems that they mean the same thing as far as i can see but why would you change the wording if this was the case.

    I did see an article somewhere on the internet saying that your gross earnings was inclusive of overtime etc.

    Anyone know definitively


Comments

  • #2
    Cuddlesworth
    Registered Users, Registered Users 2 Posts: 14,012 ✭✭✭✭Cuddlesworth


    Gross would include overtime pay and bonus plus any other cash perks.

    Basic would be just that. Your basic yearly wage.


  • #3
    Trhiggy83
    Registered Users, Registered Users 2 Posts: 731 ✭✭✭Trhiggy83


    Cuddlesworth wrote: »
    Gross would include overtime pay and bonus plus any other cash perks.

    Basic would be just that. Your basic yearly wage.

    Would mileage be included in this


  • #4
    seamus
    Registered Users, Registered Users 2 Posts: 68,317 ✭✭✭✭seamus


    No. Mileage is a reclaimable expense, not an earning.


  • #5
    Trhiggy83
    Registered Users, Registered Users 2 Posts: 731 ✭✭✭Trhiggy83


    seamus wrote: »
    No. Mileage is a reclaimable expense, not an earning.

    cheers


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