Business Studies, asked by divyanshu6385, 1 year ago

The base and supplementary compensation definition

Answers

Answered by kartikkalra
3
HEY MATE________.

HERE IS YOUR ANSWER _______.

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Base compensation: it involves monetary benefit to the employees in the form of wages and salaries. ... Supplementary compensation: now days the organizations use supplementary compensation over and above the base compensation. It helps in satisfying the employees as well as retaining them for long time.
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Answered by sakshiii99
0

Compensation that is other than an employee’s regular wages or salary. Supplemental pay can include bonuses, tips, cashed-out vacation or sick time, prizes, retroactive pay raises, and more.

Supplemental Compensation means compensation paid by the City to eligible Eemployees on Parental Leave. The amount of Supplemental Compensation shall be the Eemployee’s regular base wage less (1) all accrued Ppaid Lleave from the City with the excep- tion of 40 hours of sick leave and (2) any payments received by the Eemployee from a federal, state or other local government agency in lieu of compensation.

Base Compensation involves monetary benefits (in cash) to employees in the form of wages and salaries. ... Basically, Base or primary compensation means the wage or salary, allowances and other benefits paid in cash to employees. It is the fixed sum of money paid as compensation to the employees every month or year.

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