Indirect Compensation includes non-cash benefits provided to employees, such as health insurance, retirement plans, or paid leave, complementing direct wages.
- What is indirect compensation?
Answer: It is non-cash benefits like health insurance or paid leave. - What are examples?
Answer: Examples include dental plans, stock options, and wellness programs. - How does it benefit employees?
Answer: It enhances financial security and job satisfaction. - How does it differ from direct compensation?
Answer: Direct is cash (e.g., salary), while indirect is benefits. - What role does HR play?
Answer: HR administers and communicates these benefits.
