Which is non-monetary rewards or benefits for employees such as annual leave, health insurance?

Which is non-monetary rewards or benefits for employees such as annual leave, health insurance?

• A. Incentive
• B. Indemnity
• C. Independent Contractors
• D. Indirect Compensation

Answer: (D)

Non-monetary rewards like annual leave and health insurance are part of indirect compensation. They aren’t cash wages but benefits provided as part of the overall compensation package to support employees’ well-being and retention. Indirect compensation (often called fringe benefits) includes health coverage, paid time off, retirement plans, and similar perks. By contrast, an incentive is typically a monetary reward tied to performance, indemnity relates to compensation for loss or damage, and independent contractors aren’t employees and usually don’t receive employee benefits. So the described items fit indirect compensation.

Non-monetary rewards like annual leave and health insurance are part of indirect compensation. They aren’t cash wages but benefits provided as part of the overall compensation package to support employees’ well-being and retention. Indirect compensation (often called fringe benefits) includes health coverage, paid time off, retirement plans, and similar perks. By contrast, an incentive is typically a monetary reward tied to performance, indemnity relates to compensation for loss or damage, and independent contractors aren’t employees and usually don’t receive employee benefits. So the described items fit indirect compensation.