Ongoing earnings are the proceeds obtained from labor or services, capital investment, or assets that a business generates over a period of time. This form of business revenue is computed by incorporating income sources and excluding different business expenditures. Nevertheless, this phrase is frequently used interchangeably with operating earnings, which is an unreliable gauge of a company’s financial health. Additional types of earnings comprise gross earnings, net earnings, retained earnings, and surplus earnings.
Ongoing earnings are the revenue that a company continues to earn over time. They can come from labor or services, investment of capital, or assets. Examples of ongoing earnings include operating earnings, retained earnings, and surplus earnings.
Operating earnings are calculated by including income items and excluding various business expenses. This calculation is often used to manipulate a company’s price-earnings ratio in a favorable way. However, operating earnings are not reliable because they violate generally accepted accounting principles.
Retained earnings, on the other hand, are the accumulated income of a corporation after dividends have been distributed. These earnings have been retained by the company and not distributed to shareholders.
Surplus earnings refer to the excess of corporate assets over liabilities within a specific period, usually a year. They represent the additional earnings that a company has generated beyond its expenses and obligations.
In summary, ongoing earnings are the continuous revenue that a company earns over time, and they can be calculated through various methods such as operating earnings, retained earnings, and surplus earnings.
Generally, an employer cannot unilaterally reduce an employee’s salary without their consent, unless there is a valid reason such as a decrease in job responsibilities or a company-wide salary reduction due to financial difficulties.
In most cases, an employer cannot withhold an employee’s wages if they resign without notice. However, they may be entitled to deduct any reasonable costs incurred due to the lack of notice, such as hiring temporary replacements.
No, employers are generally required to pay eligible employees overtime wages for any hours worked beyond the standard 40-hour workweek, unless the employee is exempt under specific labor laws.
In most jurisdictions, employers have the right to terminate employees without providing a reason, as long as the termination is not based on discriminatory or retaliatory grounds.
In general, employers are required to provide an employee’s final paycheck promptly after their resignation, usually within a specified time frame set by labor laws. Withholding final paychecks without a valid reason is illegal in many jurisdictions.
Generally, an employer cannot unilaterally change the terms of an employment contract without the employee’s consent. Any changes to the contract should be mutually agreed upon and documented in writing.
The entitlement to payment for unused vacation days upon termination varies depending on local labor laws and employment contracts. Some jurisdictions require employers to compensate employees for unused vacation days, while others do not.
In many jurisdictions, employers are required to provide employees with a designated lunch break during which they are not required to work. However, there may be exceptions for certain industries or job positions.
Employers generally have the right to monitor employees’ work-related emails and internet usage. However, monitoring personal emails or invading an employee’s privacy without a legitimate reason may be illegal.
While employers are not legally obligated to provide reference letters, many companies have policies in place to provide basic employment verification. However, employers may refuse to provide a reference letter if there were performance or conduct issues during the employment.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 16th April 2024.
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