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    Total Compensation and Associated Variables

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    What is "total compensation?" What are the variables that accumulate to establish "total compensation?" Why? What sorts of interesting creative benefits have you received? Did it make a difference in how you felt about the job?

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    Total compensation is the employee's hourly pay or salary and the value of all other benefits. This can include: hourly/salary income, health insurance, vacation pay, sick time, dental insurance, health care reimbursement plans, ...

    Solution Summary

    This brief solution defines the total compensation and discusses the variables that affect total compensation with examples.