Indirect compensation

Indirect compensation

            Indirect compensation can be described as non-monetary compensation which is aimed at creating social contract between employees and employers. There are various types of indirect compensation, for example, benefits, retirement plans, employee services and leaves. These are aimed at making employee’s life better.

            Among the indirect compensation system the best is the leave. This is system whereby employees are given some time off the job, for example a month. However, the company will still pay the employee his or her salary. At the same time, there is an amount of cash……………….