Compensation consists of wages paid directly for time worked, incentives for better performance, and indirect benefits that employees receive as part of their employment relationship with the organization.

Question

Quizplus · Accepted Answer

Compensation includes direct wages or salaries for time worked, performance-based incentives, and indirect benefits such as health insurance, retirement plans, and other perks, which are all part of the total employment package offered by an employer to an employee.

Compensation Consists of Wages Paid Directly for Time Worked, Incentives