Which refers to compensation other than wages and salaries and other incentive pay offered by a firm to its workers?
A) Profit-sharing
B) Gainsharing
C) Benefits
D) Pay-for-knowledge
E) Variable

Question

Quizplus · Accepted Answer

Benefits refer to compensation other than wages and salaries, such as health insurance, retirement plans, vacation time, and other forms of non-monetary compensation.

Possible additional answers:

Answer: A
 Profit-sharing is a type of benefit whereby a company shares its profits with its employees.

Answer: B
 Gainsharing is a type of incentive pay that rewards employees based on improvements in productivity or other performance metrics.

Answer: D
 Pay-for-knowledge is a type of incentive pay that rewards employees for acquiring new skills or knowledge that is valuable to the company.

Answer: E
 Variable pay refers to compensation that varies based on individual, team, or company performance, and can include bonuses, commissions, and other forms of incentive pay.

Which Refers to Compensation Other Than Wages and Salaries and Other