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4 cards from this section. Quick, good the night before a test.
What constitutes direct compensation?
Think about what employees earn for doing their job.
What is a fixed salary?
It's how much an employee earns regularly.
What is considered direct compensation?
Think about everything an employee earns in money.
True or False: Overtime pay is the same as a fixed salary.
Recall the definitions you've learned.
If an employee has a basic salary of $4,000, receives a commission of 10% on $10,000 in sales, and works 5 hours of overtime at a rate of 1.5 times, calculate their total earnings for the month.
Calculate each component step-by-step and then sum them up.
Discuss how the structure of direct compensation might vary between industries like tech versus retail. Provide specific examples of components.
Think about the skills and demands of each industry.
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