Intro to Business › Section H · Human resources and labor relations › Topic H.6
Compensation and benefits
Pay is the most visible part of the deal between an employer and its workers, but benefits such as health cover, retirement savings and paid leave are a large share of what employment costs and of what employees value.
In this topic
- What compensation includes
- Inside the firm: pay structure
- Outside the firm: pay level
- Wages, salaries and the law
- Worked example: an overtime week
- Incentive pay
- Worked example: a tiered commission
- Benefits required by law
- Voluntary benefits and what they cost
- Common mistakes to avoid
- Key takeaways
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