The Match of the compensation type to its description are:
- "Hourly pay" - Payment for the hours an employee has worked.
- "Salary" - Fixed payment amount for each pay period.
- "Commission" - A fee paid to an employee for completing a task.
- "Piece work" - Compensation for the number of units an employee produces.
- "Equity" - Non-cash compensation, including an investment vehicle, ownership in the company, restricted stocks, or shares.
Compensation refers to the total package of salary, benefits, bonuses, and any other forms of payment or rewards that an employee receives in exchange for their work or services rendered to an organization.
So, It is a crucial component of the employer-employee relationship and is designed to attract, retain, and motivate employees.
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Match the compensation type to its description.
Equity
Hourly pay
Salary
Piece work
Commission
Payment for the hours an employee has worked.
Fixed payment amount for each pay period.
A fee paid to an employee for completing a task.
Compensation for the number of units an employee produces.
Non-cash compensation, including an investment vehicle, ownership in the company, restricted stocks, or shares.