Financial benefits like employer-paid insurance and vacations are not a part of employee compensation.

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Quizplus · Accepted Answer

Employee compensation refers to all forms of pay going to employees and arising from their employment. It has two main components, direct financial payments (wages, salaries, incentives, commissions, and bonuses)and indirect financial payments (financial benefits like employer-paid insurance and vacations).

Financial Benefits Like Employer-Paid Insurance and Vacations Are Not a Part