What Are The Different Forms Of Compensation? Which Ones Do The Employers Use To Attract & Attract/keep Productive Workers?


3 Answers

Steven Vakula Profile
Steven Vakula answered
Compensation can be paid in the form of an hourly wage, a commission, a salary and also such things as clothing allowance, car allowance, living allowance, health insurance, day care benefits, a cafeteria plan which usually encompasses the items mentioned but there is a choice as to what the persons needs may be, there are also salary with bonus given performance, overtime allowed and overtime rates. The list goes on and is primarily a function of the job and its requirements. A hourly rate of pay is usually associated with a set work week with overtime paid for any additional hours worked. A salary is sometime considered to be a rate of pay without consideration for extra hours or time spent on the job by the employee and is usually considered to be paid to a management or officer of the business such as a VP or President. Such things as travel allowance is also a consideration as well as a company vehicle. So is a base salary with commission for a sales person or a performance based bonus structure based on the results of a persons performance. Depending on your job and it's requirements a mixture of the above and the field of employment usually dictate what is offered as is your relative experience and past employment history.
Kira Smart Profile
Kira Smart answered

My friend's sister was able to claim compensation after having a fight with her boyfriend and Sexual assault - they were both aggesive but she came off worse, and suffered with a broken arm. Im not sure how easy it was for her to claim but from what I heard it was straightforward.

Paula Null Profile
Paula Null answered
Some offer health and life insurance, deferred comp. Accounts, incentives for car pooling, babysitting services, etc..

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