1
Q
What is a monetary benefit
A
Salary and Bonus
2
Q
What is a non monetary benefit
A
a benefit which is not cash, e.g. Private Healthcare, free lunches, away days
3
Q
Give two examples of monetary benefit an employee might receive
A
Salary
Bonus
4
Q
Give two examples of non monetary benefits
A
Pension, private healthcare, free lunches
5
Q
Why might a company use non monetary benefits
A
To make the package attractive to future employees beyond salary and any bonus
To retain staff
6
Q
Give 3 factors which influence the salary or wages an individual may receive
A
Seniority
Experience
Performance
BS Chapter 4 - People in business
flashcards
Decks in class (4)
# Cards
