Question

Helena owns a clothing boutique and pays each of her four employees a base salary of $3,000 per month. In addition, Helena gives a $3,000 bonus to the employee with the highest sales that month. This is an example of:_________.

Answer 1

Answer: Monetary compensation

Explanation: Monetary compensation is a type of cash compensation given to an employees of an organisation an employer.

There are different types of monetary compensation which includes: wage pay, salary, commission, bonuses etc

The above stated types of monetary compensations are all in form of cash that are paid to an employee.

Monetary compensation are used as a motivating factor to employees to encourage them to perform effectively and efficiently in their duties.