The term ________refers to both the financial and nonfinancial rewards organizations give employees in exchange for their work.
A) wages
B) value-added
Refers to both the financial and nonfinancial rewards organizations give employees in exchange for
C) compensation
D) salaries
E) fees

Question

Quizplus · Accepted Answer

Compensation refers to both financial (such as salaries, wages, and bonuses) and nonfinancial (such as benefits, recognition, and work-life balance) rewards organizations give employees in exchange for their work. Value-added, on the other hand, refers to the increase in value or quality of a product or service as a result of a particular activity or process.

The Term ________Refers to Both the Financial and Nonfinancial Rewards