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15 August, 02:32

Which element is part of indirect compensation?

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  1. 15 August, 02:36
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    Indirect compensation includes all non-monetary things an employee receives as an incentive to stay with the company. With monetary benefits being set aside (salaries), indirect compensation has gained traction in HR nowadays and is sometimes deemed as even more important than direct compensation (monetary).

    Indirect compensation includes:

    - healthcare

    - company vehicles (cars)

    - mobile phones

    - duration of annual leave

    - training, development and learning opportunities

    - childcare

    - gifts and vouchers
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