This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is indirect financial compensation? What are the three types of indirect financial compensation ... (Read 114 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Jul 7, 2018
What is indirect financial compensation? What are the three types of indirect financial compensation provided by most employers? Give examples of each type to illustrate your answer.
 
  What will be an ideal response?

Question 2

Which of the following is a job environment factor that is part of a total compensation package?
 
  A) sound policies
  B) working conditions
  C) congenial co-workers
  D) all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AngeliqueG

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 7, 2018
Answer to Question 1

Answer: Indirect financial compensations (benefits) include all financial rewards not included in direct financial compensation. Legislation mandates some benefits, such as Social Security, unemployment insurance, and workers' compensation. Discretionary benefits are benefit payments made as a result of unilateral management decisions in nonunion firms and from labor-management negotiations in unionized firms. Major categories of discretionary benefits include payment for time not worked, health care, life insurance, retirement plans, employee stock option plans, and employee services. Voluntary benefits, on the other hand, are usually 100 percent paid by the employee but the employer typically pays the administrative cost. The most common voluntary products provided include term life insurance, vision insurance, long-term care insurance, long-term disability insurance, accident insurance, and dental insurance.

Answer to Question 2

Answer: D


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Jul 7, 2018
Gracias!

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Types of movement across a biological membrane. Types of movement across a biological membrane.
Three types of urine tests for checking patients’ urine for diabetes. Three types of urine tests for checking patients’ urine for diabetes.
Types of body movements used in ROM assessment. Types of body movements used in ROM assessment.
Three Types of Lipids The three types of lipids vary in structure Three Types of Lipids The three types of lipids vary in structure
Types of Fossils Types of Fossils
An overview of the 5 types of gain, loss, or rearrangement of chromosome An overview of the 5 types of gain, loss, or rearrangement of chromosome
Video: The Vestibular System

For a complete list of videos, visit our video library