List and describe the seven types of monetary compensation.
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: ...
This solution provides assistance in providing the difference forms of compensation an employee might receive. It further provides an explanation of each.