Employee compensation and benefits are basically divided into four categories:
1. Guaranteed pay – monetary (cash) reward paid by an employer to an employee based on employee/employer relations. The most common form of guaranteed pay is the basic salary.
2. Variable pay – monetary (cash) reward paid by an employer to an employee that is contingent on discretion, performance or results achieved. The most common forms are bonuses and sales incentives.
3. Benefits – programs an employer uses to supplement employees’ compensation, such as paid time off, medical insurance, company car, and more.
4. Equity-based compensation – a plan using the employer’s share as compensation. The most common examples are stock options.
(Source: http://en.wikipedia.org/wiki/Compensation_and_benefits)
(Source: http://en.wikipedia.org/wiki/Compensation_and_benefits)
No comments:
Post a Comment