Which Form of Compensation Is Not Considered an Employee Benefit

question 28

Multiple Choice

Which form of compensation is not considered an employee benefit?

• A)Paid holidays
• B)Commissions
• C)Health insurance
• D)Retirement plan

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Definitions:

Pay Plan

A structure outlining how employees are compensated, including salary levels, bonuses, and increments.

Differential Piece Rate

A compensation system where workers are paid based on the quantity of work produced, with rates that can vary depending on performance levels reached.

Standard Hour Plans

Compensation packages that offer wages based on the number of hours worked, adjusted by efficiency or predetermined standards.

Piecework Plans

A compensation system where employees are paid based on the quantity of work completed, rather than on the number of hours worked.