BUSINESS ADMINISTRATION
HUMAN RESOURCES MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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benefits
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employee contributions
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pension plans
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profit sharing
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Detailed explanation-1: -Benefits are any perks offered to employees in addition to salary. The most common benefits are medical, disability, and life insurance; retirement benefits; paid time off; and fringe benefits.
Detailed explanation-2: -There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.
Detailed explanation-3: -Supplementary employee benefits include medical, accident, life, retirement, business travel insurance, and increasingly EAP. Common employee perks offered include vehicle or transport allowance, meal vouchers or subsidized cafeteria, and reimbursement of internet and mobile phone charges.
Detailed explanation-4: -In general, direct compensation includes a fixed reward (like base salary) and can also involve short-term and long-term incentives (like overtime and bonuses). Any other non-cash benefit (with indirect monetary value) is considered indirect compensation. These perks include: Insurance (health, dental, vision, etc.)