Components Description $\_\_\_$

Tangible Rewards Elements of compensation that can be quantitatively measured and

compared between organizations

Intangible Rewards Elements of compensation that cannot be as easily measured or

quantified

Base Pay Basic compensation that an employee receives, often as an hourly wage

or salary

Wages Payments calculated directly from the basis of time worked by employees

Salary Consistent payments made each period regardless of the number of

hours worked

Variable Pay Compensation linked directly to individual, team, or organizational

performance

Benefit Indirect reward given to an employee or group of employees as part of

membership in the organization