Which statement about compensation is accurate? a. Year-end bonuses are almost unheard of outside of the United States. b. Cost of living is generally not a factor when companies make compensation decisions. c. The gap between executive and employee pay has been shrinking steadily over the past two decades. d. Housing allowances are part of the compensation package in many places. e. Expatriate employees typically receive no additional compensation over and beyond what they would be paid in their home countries.
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b. Cost of living is generally not a factor when companies make compensation decisions
Explanation:
- Compensation for employees is the wages that are paid by the employer to an employee for the work done in an accounting period such as a quarter for a year.
- It's defined in terms of complete remuneration in cash or kind payable by the gross revenue or the capital of the enterprise.
- Factors that ae consider while giving compensation includes the location, industry, years of experience, skills, supply, and demand.
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