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Employee Compensation - Coggle Diagram
Employee
Compensation
Types of
Pay
Direct Financial
Payments
wages
salaries
incentives
commissions
bonuses
Indirect Financial
Payments
employer-paid
vacations
Insurance
cover
Factors Affecting
C&B
Organization
Strategy
Legal
Regulations
Employee
Union
Types of
Equity
Individual
Equity
Fairness of pay rate of
an individual compared to
his/her coworker in similar job
External
Equity
Pay rate in one
company compares with
that of another company
Internal
Equity
Fairness of Job Pay
rate within the
same company
Procedural
Equity
Perceived fairness of
process and procedure
decisions of Pay allocation