Question

A compensation package is

A. a gym membership paid for by the employer

B. a group of benefits paid by the employer

C. a combination of wage or salary and other types of compensation
D. a combination of disability, health, and life insurance

Answer 1

The correct answer would be option C, A Combination of wage or salary and other types of compensation.

Step-by-step explanation:

When a company hires an employee, not only the wage rate or salary is discussed and offered, rather there is a list of benefits that are offered to the employee by the employer. Potential employee has the right to negotiate over salary and these benefits. Compensation package would include salary plus other benefits like Health Insurance, Retirement Allowance, Yearly bonuses, Short term disability insurance, etc. So the most appropriate answer to this question is option C.