Components of Compensation of Employees
What are the components of compensation of employees in economics class 12
Anurag Pathak Changed status to publish December 10, 2023
Compensation of Employees Consists of Major two compnents
Compensation of Employees = Wages & Salaries + Employers Contribution of Social Security Schemes Let’s understand all Components of compensation of Employees. Here are the different components of Compensation of Employees.
- Wages
- Salaries
- Bonus
- Dearness allowances
- Commission
- City Compensatory allowance
- House rent allowance
- Leave traveling allowance
- Rent free accommodation
- free car
- free medical
- free educational facility for children
- Free water, electricity
- Free uniform
- Free services of vehicle
- Interest on interest free loan
- Provident Fund
- Gratuity
- Labour welfare funds
- Life Insurance
- Casualty Insurance
- Pension Schemes
Anurag Pathak Changed status to publish December 10, 2023