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Compensation and
Benefits
A Multi-Dimensional

Dimension of Payment for

Compensation Non-
Working Day
Payment for Loss of Job
Work & Income [CB]
Performance

Income Disability
Equivalent Dimensions Income [CB]

Health, Deferred
Accident & Income
Liability
Family
Income

2
Dimension of Compensation

Pay for work and Performance

money that is provided in the short term (weekly, Monthly, and Annual
bonuses/rewards) and that permits employees to pay for and contract for the
payment of desired goods and services

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Dimension of Compensation

Pay for time not worked

Workers have enjoyed more days off with pay for holidays, longer
paid vacations, and paid time off for a wide variety of personal
reasons.

4
Dimension of Compensation

Loss-of-job Income

Job security is and always has been the primary consideration for
most workers

5
Dimension of Compensation

Disability income continuation

The possibility always exist that a worker will incur health or

accident disability

2
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Dimension of Compensation

Deferred Income

Most employees depends on some kind of employer-provided

program for income continuation after retirement

7
Dimension of Compensation

Spouse (Family) Income Continuation

Most employees with family obligations are concerned with what

might happen if they are no longer able to provide money that will
enable their families to maintain a particular standard of living.

8
Dimension of Compensation

Health, Accident, and Liability Protection

In recent years, the cost of medical-related goods and services has

increased at a greater rate than most other goods and service desired
or required by employees.

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Dimension of Compensation

Income Equivalent Payment

Employee usually find them highly desirable, and both employers

and employees find certain tax benefits in them.

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References
Jack Dolmat-Connell, “Developing a Reward Strategy that Delivers
Shareholder and Employee Value,” Compensation and Benefits
Review, March–April 1999, p. 51.
Dessler, G. (2013). A framework for human resource management.
Pearson Education.
Martocchio, J. (2017). Strategic Compensation, A Human Resource
Management Approach 9th E, Pearson Education.

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Images
• https://www.thesimpledollar.com/make-money/ask-your-company-
to-pay-for-these-6-work-from-home-expenses/
• https://mybenefits.shawinc.com/Additional-Benefits/Pay-for-time-
not-worked/Overview.aspx
• https://indianexpress.com/article/business/business-others/covid-
19-crisis-6-pragmatic-money-tips-if-you-have-lost-your-job-recently-
6488801/
• https://www.ameritas.com/disability-income/
• https://www.firstintuition.co.uk/fihub/accrued-and-deferred-
income/
• https://www.westernsouthern.com/learn/financial-education/9-
factors-that-could-affect-the-cost-of-life-insurance

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4
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Images
• https://www.tomorrowmakers.com/health-insurance/does-health-
insurance-cover-heart-related-diseases-topical-article
• https://www.graft.network/2018/12/19/enterprise-perks-and-
rewards-on-graft-blockchain/
• https://www.nicepng.com/ourpic/u2q8o0y3i1y3y3e6_fiverr-level-
one-seller-benefits-benefits-communication/
• https://www.achievers.com/blog/3-types-of-compensation-
packages-to-consider-and-why/
• https://www.talentlyft.com/en/resources/what-is-indirect-
compensation
• https://uspto.report/TM/90434987
• https://qualityinspection.org/pay-chinese-suppliers-tt-payment/
• https://zegal.com/blog/post/annual-leave-hong-kong/

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