Total Compensation is divided into Extrinsic and Intrinsic Compensation | |||
Extrinsic Compensation is further divded up as shown below | |||
Core Compensation | Adjustments to Core Compensation | Legally Required Employee Benefits | Discretionary Employee Benefits |
- Hourly wage | - Cost of living | - Social Security Act | - Disability insurance |
- Annual salary | - Seniority | - Workers' compensation laws | - Life insurance |
- Merit | - Family & Medical Leave Act | - Retirement plans | |
- Incentive | - Health insurance | - Paid time off | |
- Person-focused | - Accommodation and enhancement |
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