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Direct compensation tends to be one of the most common forms of compensation. It includes money paid to employees as cash, salaries, bonuses and commission. Both hourly rates and salaried work will fall under this category. Within direct compensation, there are two subcategories of base pay and variable pay.
The Four Major Types of Direct Compensation: Hourly, Salary, Commission, Bonuses. When asking about compensation, most people want to know about direct compensation, particularly base pay and variable pay. The four major types of direct compensation are hourly wages, salary, commission and bonuses.
Employers generally determine salaries based on five (5) types of information: the jobs responsibilities, what their competitors are paying, how valuable the job is to their organization, how they pay people in similar roles based on their pay structure, and their budget/organizational needs.
Here are the three most popular types of compensation packages and a few notes on who might be most attracted to them. Straight salary compensation. Salary plus commission compensation. Straight hourly compensation.
The Four Major Types of Direct Compensation: Hourly, Salary, Commission, Bonuses. When asking about compensation, most people want to know about direct compensation, particularly base pay and variable pay. The four major types of direct compensation are hourly wages, salary, commission and bonuses.

People also ask

Direct compensation is the monetary payment given to employees for time worked or achievements, such as: Base salary. Wages. Bonuses. Commission. Overtime.
5 types of employee compensation Salary compensation. This form of compensation is typically offered to employees as a base pay, straight annual sum, without the stipulation of overtime. Salary commission compensation. Hourly compensation. Bonuses. Total compensation.
Typically, compensation refers to monetary payment given to an individual in exchange for their services. In the workplace, compensation is what is earned by employees. It includes salary or wages in addition to commission and any incentives or perks that come with the given employees position.
Compensation consists of a combination of an employees pay, vacation, health insurance, and bonuses. It also includes other perks, such as a company car, free parking, free or cheap meals, commuting costs, etc.
The Four Major Types of Direct Compensation: Hourly, Salary, Commission, Bonuses. When asking about compensation, most people want to know about direct compensation, particularly base pay and variable pay. The four major types of direct compensation are hourly wages, salary, commission and bonuses.

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