Which of the following statements describes what is meant by compensation mix?
A) The number of perks, such as free parking, offered to an employee.
B) The amount of base pay versus variable pay offered to an employee.
C) Providing employees with a market leading benefits package.
D) The number of organizations included in a salary survey in order to get valid data.
E) The method of increasing an employee's base pay through merit increases.

Question

Quizplus · Accepted Answer

Compensation mix refers to the combination of base pay and variable pay being offered to an employee. Base pay is a fixed amount of money that an employee is paid on a regular basis, while variable pay includes bonuses, incentives, and other rewards that are tied to performance or other factors. The compensation mix can vary depending on the industry, organization, and individual employee.

Which of the Following Statements Describes What Is Meant by Compensation