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List and describe the two types of compensation. - 🧠ANSWER ✔✔direct
compensation and indirect compensation
What are three examples of direct compensation? - 🧠ANSWER ✔✔wage,
salary, performanced based pay
What are three examples of indirect compensation? - 🧠ANSWER
✔✔employee services, benefits, trainings and/or any other indirect form of
compensation or benefit.
Define the term "job evaluation." - 🧠ANSWER ✔✔defined as the process of
comparing jobs by the use of formal and systemic procedures to determine
their relative worth within the organization
Variable compensation links an employees pay to what? - 🧠ANSWER
✔✔organizational performance
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