Chapter 4. Compensation and Benefits
Compensation and benefits encompass all the rewards that an organization gives, grants, or otherwise bestows on its employees in exchange for the services those employees have rendered through their employment. It includes more obvious items—such as wages and salaries—as well as mandatory and optional benefits such as Social Security contributions, health and welfare programs, and the like. It also includes items that some, but not all, employees enjoy, such as incentives, bonuses, stock options, and so on.
Those readers who have taken the Professional in Human Resources (PHR) or Senior Professional in Human Resources (SPHR) previously, or those who have older test prep materials, might have noticed that Human ...
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