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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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Solution Summary

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

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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, ...

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