Asked by
Gianna Guarino
on Nov 03, 2024
Verified
Indirect compensation includes bonuses and commissions.
Indirect Compensation
Benefits given to employees that are not paid directly as cash but contribute to their overall remuneration, such as insurance or retirement plans.
Bonuses
Additional financial compensation awarded to employees as a reward for their exceptional performance or achievement.
Commissions
A type of incentive pay calculated as a percentage of the employee's sales or performance.
- Categorize different compensatory methods such as competency-based wages and strategic pay plans.
Verified Answer
AO
Learning Objectives
- Categorize different compensatory methods such as competency-based wages and strategic pay plans.