- A per diem rate is an amount you receive as an allowance per day to cover expenses related to your work. It’s also called a flat-rate expense or lump-sum payment and comes in very handy when you need to make calculations for your receipts.
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Oct 09, 2020 · The term per diem is also sometimes used to describe an employment arrangement whereby workers—such as substitute teachers, nurses or photographers—are paid a day rate for temporary or on-call work. For an employer, per diem employment frequently offers greater flexibility with regard to labor costs and scheduling.
Jan 06, 2021 · The term per diem—from the Latin for "by day"—refers to a daily allowance for specific travel expenses for employees. There are per diem rates for two separate components: Lodging. Meals and incidentals. These rates are set by federal agencies and apply to federal government employees who are traveling for work.
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The newest English meaning—as a noun—is the most common one: a per diem is an amount of money that someone is given for daily expenses, such as food and taxis. Your employer may pay you a per diem when you travel for work, in which case you receive a set amount of money for each day you're working away from your regular work location.
noun. Legal Definition of per diem (Entry 3 of 3) 1 : a daily allowance received a per diem for expenses. 2 : a daily fee paid a per diem for maintenance of the equipment.
Sep 15, 2021 · What does “per diem” mean—and how does it relate to small businesses? “Per diem” is a Latin term that translates to “per day” or “by the day.”. From a business perspective, you need to know about two different per diem scenarios: per diem employees and per diem travel expenses.