Compensation.

Compensation is the monetary and nonmonetary benefits given to employees.

A typical compensation package includes salary, bonus, and insurance.

Some companies also provide other benefits, such as Free food and gym membership.

A good compensation plan can improve employee satisfaction.

Before accepting a job offer, you should evaluate its compensation package carefully.

he accepted the job without negotiating a compensation package.

She received a housing allowance as part of her compensation package.

  Salary.

A salary is a fixed amount of money paid to employees in return for their work.

  It is paid regularly, usually on a monthly basis.

Its employees perform well, they may get a salary raise.

There is an annual salary of $50000.

She did a great job last quarter, so she got a 30% salary increase.

If employees perform well, they may get a salary raise.

A salary is paid regularly, usually on a monthly basis.

Bonus.

A bonus is extra money given to employees in addition to their salary.

Companies often give employees bonuses to reward good performance.

Employees may also get a bonus before major holidays such as Chinese new year or Christmas.

I'll buy a new laptop with my year end bonus.

Employees who stay in the company for more than three years receive a special bonus.

  What happens for employees who perform well.

I'll buy a new laptop with my year end bonus.

  Insurance.

Insurance is compensation provided by a company to employees for unexpected events.

For example, health insurance pays for employees medical costs when they get sick.

Without health insurance, they may be unable to pay their medical bills.

Don't forget to buy travel insurance before you go.

Some treatments are not covered by insurance.

Don't forget to buy travel insurance before you go.

Benefits.

Benefits are non cash compensation that employers give to employees.

Examples include health insurance, holiday leave and pension plans.

Companies that provide competitive benefits packages are more likely to attract employees.

Health insurance is part of our employee benefits package.

Paid time off is the most desired type of benefit in our company.

What is an example of employee benefits?

What does insurance compensate employees for?

A fixed amount of money paid to employees in return for work.

Health insurance is part of our employee benefits package.