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    The importance of total compensation

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    What is "total compensation" and why is this concept important? What are the elements that accumulate to establish "total compensation?" Why do you include these elements, or what is the importance of each element?

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    Total compensation is more than just the hourly wage or salary that a person receives for completing their job day. Total compensation includes all of the "perks" that are found with a job. This concept is important because these different perks are worth a monetary value. Some jobs ...

    Solution Summary

    Total compensation and its conceptually importance is discussed in the solution.