13. THERE ARE TWO TYPES Compensation System DIRECT/INDIRECT Wages , Salaries BONUSES Commissions Paid Leave INSURANCE Medical Benefits HOUSING ALLOWANCE
14. BENEFETS ? BASE COMPENSATION Hourly wages paid to an Individual FLEXIBLE BENEFITS A program allows employee to choose from a range of benefits options. FRINGE BENEFITS Nonmonetary Compensation in the form of Health insurance, retirement plans, etc ..
15. Components of Effective Compensation Acquire Qualified Personnel Retain present Employees Ensure Equality Reward Desired Behavior Control Costs