Lesson 10 Flashcards
1
Q
Refers to remuneration given to an employee in exchange his or her services.
A
Employee compensation
2
Q
Is an employees compensation package refers to wages or salaries that he or she will get
A
Basic pay
3
Q
Refers to. earring received by worker ona piece rate, hourly rate , daily rate
A
Wages
4
Q
Employee who work mode than number of hours
A
Overtime
5
Q
Eating of employee paid on monthly or annual basis is generally referred as
A
Salary
6
Q
Is a border term than a wages or salary
A
Income
7
Q
Covers remuneration other than basic pay. It includes vacation, sick leaves medical
A
Employee benefits
