When employees receive compensation that is not cash, the compensation is referred to as _____.

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Haileystdd3028 Haileystdd3028

18-08-2022
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When employees receive compensation that is not cash, the compensation is referred to as _____.

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Tundexi Tundexi · Answer 1 · 2022-08-24T00:39:38+02:00

When employees receive compensation that is not cash, the compensation is referred to as employee benefits.

What is an employee benefits?

This refers to these various types of non-wage compensation provided to employees in addition to their normal wages or salaries.

The employee benefits is also illustrated in an instances where the employee exchanges wages for some other form of benefit that are known as "salary packaging, salary exchange arrangement etc.

Therefore, an employee benefits means the compensation receive by an employees which is not cash.