Seven Types of Monetary Compensation
Not what you're looking for?
List and describe the seven types of monetary compensation.
Purchase this Solution
Solution Summary
This solution provides assistance in providing the difference forms of compensation an employee might receive. It further provides an explanation of each.
Solution Preview
Hello. I provide the following to assist you in formulating your response.
1. Wages/By the hour: Compensation received from working by the hour, either at a minimum hourly rate, or a specific hourly rate based on experience.
2. Tips: Compensation received; normally work as a waitress or driver. This form of compensation is not guaranteed. These individuals also normally receive a smaller hourly rate in addition to the tips received.
3. Salary: ...
Purchase this Solution
Free BrainMass Quizzes
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Paradigms and Frameworks of Management Research
This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.