Asked by Brittney Hayes on May 10, 2024
Verified
Which pay type usually makes up a small proportion of total compensation,and may not be used at all by some employers?
A) mandatory benefits
B) wages
C) merit pay
D) salaries
Mandatory Benefits
Benefits that employers are legally required to provide to their employees, including social security, workers' compensation, and unemployment insurance.
Total Compensation
The complete pay package for employees, including all forms of money, benefits, services, and in-kind payments.
Wages
Compensation paid to employees based on the hours worked, typically expressed as an hourly rate.
- Comprehend the significance of aligning remuneration with personal achievement and the objectives of the organization.
Verified Answer
Learning Objectives
- Comprehend the significance of aligning remuneration with personal achievement and the objectives of the organization.
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