Final answer:
Employee benefits that provide additional compensation beyond wages include a 401K retirement plan, life insurance, paid vacation, bonuses, and sick days, showing they form a significant portion of total compensation per hour.
Step-by-step explanation:
Examples of benefits that provide additional compensation to employees beyond wages include:
- 401K (Retirement and Savings): A defined contribution retirement plan to which both employees and employers can contribute.
- Commission: A form of variable pay based on an employee's sales or performance.
- Life insurance: A benefit that can provide financial support to an employee's family in the event of the employee's death.
- Paid vacation: Time off from work that is compensated.
- Bonuses: Additional compensation awarded for meeting certain performance metrics or as a reward for service.
- Sick days: Paid time off provided for employees to recover from illness.
Such benefits are part of the total compensation per hour an employee receives and are in addition to the base salary or hourly wage.