What term refers to both the financial and nonfinancial rewards organizations give employees in exchange for their work?
A)wages
B)value-added dimension
C)compensation
D)salaries

Question

What term refers to both the financial and nonfinancial rewards organizations give employees in exchange for their work?
A)wages  
B)value-added dimension  
C)compensation  
D)salaries

Quizplus · Accepted Answer

Compensation refers to both financial (such as wages and salaries) and nonfinancial rewards (such as benefits and perks) that organizations give employees in exchange for their work. A is incorrect because it refers only to a specific type of compensation. B is incorrect because it is not a commonly used term in the context of employee rewards. D is incorrect because it is a synonym for wages and only pertains to financial rewards.

What Term Refers to Both the Financial and Nonfinancial Rewards