Which term refers to anything that an employer pays for, to the benefit of the employee, that is not part of base pay or performance pay?
A) statutory pay
B) total compensation
C) indirect pay
D) rewards

Question

Quizplus · Accepted Answer

Indirect pay refers to any type of compensation an employer provides to employees, which is not considered base pay or performance pay. This can include benefits such as health insurance, vacation time, retirement plans, and other perks. Statutory pay refers to the minimum amount of pay that employers are required by law to provide. Total compensation refers to the overall package of pay and benefits that an employee receives, including both direct and indirect pay. Rewards typically refer to a specific type of recognition or incentive program, such as bonuses or prizes for meeting certain goals or milestones.

Which Term Refers to Anything That an Employer Pays For