What Is the "Ferguson Effect

question 42

Essay

What is the "Ferguson effect"?

---

Definitions:

Compensation

Payment or benefits provided in exchange for services rendered or as reparation for loss or suffering.

Bonuses

Additional financial compensation awarded to employees as a reward for meeting certain performance criteria or milestones.

Flexible Benefit Packages

Employment benefit plans allowing employees to choose from a range of benefit options, tailoring their compensation package to their personal needs.

Taxable Income

The amount of an individual's or business's income used to determine how much tax they owe to the government, after deductions and exemptions.