Question

______ refers to the sum of all the aspects of a compensation package (base pay, incentives, benefits, perks, and so forth) that signal to current and future employees that they are receiving more than just base pay in exchange for their work.

Answer 1

Total rewards

Step-by-step explanation:

Employees often receive reward for the work done by them in an organization. The reward is usually a lump sum, but when broken down, it comprises base pay, incentives,perks.etc

This type of reward is often used to attract, motivate and retain an employee by the employer.

Total rewards is important to employees because it shows the additional payments made in addition to their base salary and also an important tool used by a company to relay their investment value.