dependent

(noun)

An individual who an employee supports financially, often a spouse or a child.

Related Terms

  • Employee benefits
  • pension
  • salary packaging
  • ERISA

Examples of dependent in the following topics:

  • Inadequate or incorrect internal accounting and dependence on third parties

    • Many start-up, survival, and growth strategies lead almost inevitably to the dependence of new firms on third parties.
    • However, dependence is a disadvantage if there are diverging interests, or if the partners behave opportunistically.
    • However, the older the firm becomes, dependence on third parties should be reduced.
    • The dependence on licensors should be compensated for by the firm's own research and development.
    • As shown above, dependence on third parties can arise when a firm markets its products.
  • Trust: the foundation for a successful relationship

    • Dependability: Is one party making and fulfilling promises to another (Covey, 2006).
    • Dependability can also be exemplified via third party confirmations.
    • For example, a credible source can vouch for a firm when dependability has been proven through past experiences.
    • Product demonstrations and plant tours are other ways companies can illustrate the capability to be dependable.
    • Honesty: Incorporates truthfulness, sincerity, and dependability.
  • Back to basics: the ten commandments of business success

    • Customers are not dependent on us – we are dependent on them
  • Elton Mayo

    • George Elton Mayo concluded that people's work performance is dependent on both social issues and job content.
    • What he found, however, was that work satisfaction depended to a large extent on the informal social pattern of the work group.
    • In short, he concluded that people's work performance is dependent on both social issues and job content.
  • Promotion Strategies

    • Promotion strategies differ depending on the individual business or product, but all strive to increase product demand and awareness.
    • Marketing strategies may differ depending on the unique situation of the individual business or product.
  • Standard Benefits

    • Dependent care - Just as noted above regarding health insurance, many working professionals have individuals who are dependent upon them (spouses and children primarily).
    • Employees with life insurance or long-term care insurance will see their dependents (and themselves, in the case of long-term care) supported if a serious ailment or tragedy occurs.
  • Competition-Based Pricing

    • This means that marketers will set prices depending on the results from their research.
    • For instance, if the competitors are pricing their products at a lower price, then it's up to them to either price their goods at a higher or lower price, all depending on what the company wants to achieve.
  • Fringe Benefits

    • Examples of fringe benefits, depending on employee seniority and job requirement, are take-home vehicles, hotel stays, and first choice of such things as job assignments and vacation scheduling, as well as first option to apply to certain internal vacancies.
    • These benefit rates are typically calculated using fixed percentages that vary depending on the employee's classification and often change from year to year.
  • People

    • At its heart it's a behavioural issue and as such it is dependent upon teamwork, cooperation and motivation.
  • Disadvantages of fuel cells

    • Depending on the cost of the hydrogen source (such as natural gas), electricity from a 2 kW fuel cell system could, in theory, provide power at eight to ten cents per kWh within the next decade or so.
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