GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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wages
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benefits
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salary
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Compensation
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Detailed explanation-1: -Remuneration is the total compensation received by an employee. It includes not only base salary but any bonuses, commission payments, overtime pay, or other financial benefits that an employee receives from an employer.
Detailed explanation-2: -Employee compensation refers to the benefits (cash, vacation, etc.) that an employee receives in exchange for the service they provide to their employer. Employee compensation is generally one of the largest costs or expenses for any organization.
Detailed explanation-3: -Put simply, compensation covers people’s direct pay, their salary. Benefits cover employees’ indirect pay, things like health insurance and stock options but also social benefits such as parental leave.