GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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indirect financial compensation
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employment benefits
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employment incentives
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direct financial compensation
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Detailed explanation-1: -Explanation: Direct financial compensation includes wages, salary, and commission. A payment made to an employee in monetary form is referred to as direct financial compensation. It also includes achievement awards, overtime, and incentives plans.
Detailed explanation-2: -What is Commission? Commission refers to the compensation paid to an employee after completing a task, which is, often, selling a certain number of products or services. Selling products or services is challenging.
Detailed explanation-3: -Example: Alex earns $20 per hour, and worked 40 hours last week so earned an $800 wage. Example: Alex worked 2 hours extra on Tuesday, and earned $30 per hour (overtime rate) for those two hours. Example: Sandy has an annual salary of $120, 000, which is paid weekly.