HRM 3600 Compensation and Benefits
Compensation and benefits as per the course HRM 3600 Compensation and Benefits is a sub-discipline of human resources, focused on employee compensation and benefits policy-making. While compensation on other hand benefits is tangible, there are intangible rewards such as recognition, work-life and development. Combined, these are referred to as total rewards.
The four major types of direct compensation are as follows as per the course HRM 3600 Compensation and Benefits:
- Hourly
- Salary
- Commission
- Bonuses
When talking about compensation, many people want to know about direct compensation, particularly base pay and variable pay.
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