Final answer:
Non-wage forms of compensation include employee insurance, retirement plans, Social Security payments, and other benefits.
Step-by-step explanation:
Non-wage forms of compensation, in addition to an employee's regular pay, include:
- Employee insurance: This includes health insurance coverage provided by the employer.
- Retirement plans: Employers may offer 401(k) or pension plans to help employees save for retirement.
- Employer payments to Social Security: Employers contribute to Social Security on behalf of their employees.
- Unemployment and worker's compensation insurance: Employers may provide coverage to employees in case of unemployment or injury on the job.
- Other benefits: This can include Medicare, paid time off, tuition reimbursement, and more.
These non-wage benefits are an essential part of an employee's overall compensation package and can enhance job satisfaction and financial security.