What Is Employee Compensation? - Definition & Concept


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question 1 of 3

Employee compensation refers to the _____ that an employee pays their employer.

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1. Which of the following are examples of compensation paid to employees?

2. Wages are often called what?

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About This Quiz & Worksheet

There are numerous ways an employer may compensate an employee for their work. This quiz and worksheet combination will ask definition and fact-based questions pertaining to different aspects of employee compensation.

Quiz & Worksheet Goals

In this quiz, you will be tested on:

  • Minimum wage
  • Examples of compensation
  • Terminology for wages

Skills Practiced

The following skills will be utilized:

  • Reading comprehension - ensure that you draw the most important information from the related business lesson
  • Information recall - access the knowledge you've gained regarding the minimum wage in 2013
  • Knowledge application - use your knowledge to answer questions about types of employee compensation available

Additional Learning

Further your understanding by reviewing the accompanying lesson, What is Employee Compensation? - Definition & Concept. This lesson will detail numerous facets, including:

  • Definition of employee compensation
  • Cash, disability insurance, retirement plans, and other forms of compensation
  • Inflation and minimum wage
  • Role of Human Resource Departments in businesses