Question

What are the compensation of employees?

What is an example of compensation?

please dont send the answers as a photo

Answer 1

Compensation for employees-- compensation of employees consist of wages paid directly for worked as well as more indirect benefits that employees receive as part of their employment relationship with an organization . It is the type of all payment used by managers to pay and reward employees direct in return of their time worked with an organization. It is total of all rewards provided employees in return for services.

Example of compensation--wages compensation---- the main example of compensation is wages compensation. Wages are often called the total cash compensation paid to an employee, this compensation is the reason why most people work. Most employees are paid an hourly or annual salary, others are paid a variable rate that is based on the performance of the employee.  

other example of employees compensation--- other examples of employees compensation are as follows---

1-- Retirement plans,

2--Employer paid health insurance,

3--Paid leave for vacation abd sick days,

4--Disability insurance ,

5--Life insurance..