Lesson 6- Compensation Flashcards
1
Q
What does employee compensation mean?
A
Whatever employees receive in exchange for their work
2
Q
What is Direct compensation?
A
Consists of all forms of pay, such as wages, salaries, incentives, bonuses, and commissions
3
Q
Indirect compensation
A
Can include benefit plans that provide some degree of finiacial protection against accidents, illness, old age, and death and also include paid vacation time and work-life balance rewards
4
Q
Which is considered direct compensation?
A) Payroll
B) payroll
A
Payroll
