Please describe all forms of employment compensation?
Expert Answer
There are two forms of compensation, direct andindirect
Direct Forms of Compensation-
Salary
This type of wage is customarily a set sum of remuneration overa defined period of time. The most traditional form is a dollaramount over a period of one year.
Hourly
This is a dollar amount per hour of service to the employer,more commonly used to compensate unskilled and skilled laborers inthe workforce.
Commission
When compensation is based on volume or some form ofperformance, this is known as commission based remuneration. Otherterms used include piecework or piecemeal
Bonuses
Bonuses are used to increase performance from the employee. Thisis a
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