Final answer:
Employee Compensation consists of base pay, incentive pay, and benefits or indirect, nonfinancial compensation including health insurance, retirement plans, and Social Security payments.
Step-by-step explanation:
The subject you are asking about is Employee Compensation, which consists of base pay, incentive pay, and benefits or indirect, nonfinancial compensation.
Table 6.7 Hourly Compensation: Wages, Benefits, and Taxes in 2014, provided by the Bureau of Labor Statistics, shows that compensation for workers includes wages and salaries, as well as other benefits like health insurance, retirement plans, and employer payments to Social Security.