ACCURATE SOLUTIONS
List and describe the two types of compensation. - ✅✅✅CORRECT -
direct compensation and indirect compensation
What are three examples of direct compensation? - ✅✅✅CORRECT
-wage, salary, performanced based pay
What are three examples of indirect compensation? -
✅✅✅CORRECT -employee services, benefits, trainings and/or any
other indirect form of compensation or benefit.
Define the term "job evaluation." - ✅✅✅CORRECT -defined as the
process of comparing jobs by the use of formal and systemic procedures
to determine their relative worth within the organization
Variable compensation links an employees pay to what? -
✅✅✅CORRECT -organizational performance
What are three examples of variable pay? - ✅✅✅CORRECT -profit
sharing, bonuses, stock options