Compensation consists of a number of elements. An employee’s base
is that portion of an employee’s pay mix designed to reward good performance.
b) consists of a wide variety of programs, such as health insurance, time off, etc.
is his/her fixed pay, and is generally the largest part of his/her total
d) is made up of the special “extras” or perks that are allocated, based on status
within the company.
consists of the bonuses or profit sharing that underpin the employee’s total
Employees’ total compensation consists of which of the following?
Base compensation, personnel costs, payroll
b) Payroll, base compensation, indirect compensation
Benefits, pay incentives, personnel costs
d) Base compensation, pay incentives, indirect compensation
Payroll, pay incentives, base compensatio
Perquisites, also called “perks”:
are a special type of benefits, generally reserved for upper-level managers.
b) are a special type of pay incentive, generally reserved for upper-level managers.
make up 60% of employees’ total compensation.
d) is another name for indirect compensation that includes health benefits,
vacation and unemployment compensation.
make up 30% of employees’ total compensation.
Indirect compensation in a pay mix consists of:
the salary or hourly wage the employee receives on a regular basis.
b) the variety of programs, such as health insurance, time off, etc., the employee