Question

The total rewards package includes all forms of ___________________, ________________________ provided by a company to attract, ______________, and retain employees. a. Rewards, tangible and intangible compensation, train b. Monetary and non-monetary rewards, cash-based compensation, inspire c. Compensation, tangible and intangible rewards, motivate d. Compensation, monetary and nonmonetary rewards, motivate

Answer 1

Answer:d. Compensation, monetary and nonmonetary rewards, motivate

Explanation: Compensation is the act of rewarding someone for a service. It can also be said to be the total cash and non-cash payments that you give to an employee in exchange for the work they have done.

Compensation is also defined as the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.

Compensation is a combination of cash payments, vacation, bonuses, health insurance, free lunches, free events, and parking.

There are different types of cash compensation and they are:

Basic pay, commissions, overtime wage, bonuses etc.

There are also monetary and nonmonetary compensation which includes: vacation, bonuses, health insurance, free lunches, free events, and parking.

Compensation and benefits are rewards to employees for a job well-done.