BUSINESS ADMINISTRATION
HUMAN RESOURCES MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ are rewards other than cash, such as paid time off, insurance, or a retirement plan, given to employees.
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salaries
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Benefits
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commissions
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policies
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Explanation:
Detailed explanation-1: -Benefits are a form of non-cash compensation, which your employer usually states in your contract. Benefits aren’t linked to employee performance, unlike Rewards. Rewards are a motivational tool used to get the best from your employees. Benefits and rewards both have very different traits, but more on that later.
Detailed explanation-2: -A monetary reward is a specific amount of money given to an employee to complete a task or goal. These rewards can come in the form of bonuses, commissions, or incentives and can be based on performance, merit, or seniority.
Detailed explanation-3: -The cash rewards that are paid to the employees for their work is called direct compensation.
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