Staff concessions in the form of discounted travel fares represent an instance of?
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Answer: B. non direct payments
Explanation
Staff concessions like discounted travel fares are examples of indirect financial payments or employee benefits. Providing perks that reduce living or travel expenses constitutes indirect compensation rather than direct cash wages. Discounted fares add substantial value to total remuneration without altering base salary pay figures. Indirect financial payments include health insurance, retirement contributions, employee discounts, and paid time off. Direct payments consist of hourly wages, annual salaries, performance bonuses, and direct commission earnings. Employee benefits enhance total compensation packages to attract top talent in competitive labor markets.
Airlines routinely provide staff members and their families with heavily discounted travel fare privileges. Total rewards statements remind employees of the significant financial value hidden within indirect benefit perks. Offering attractive employee benefits helps organizations reduce voluntary turnover without inflating base payroll. Incentives represent variable cash or bonus payouts tied to performance rather than standard employee travel concessions. Direct payments refer to base wages and cash salaries rather than indirect employee welfare benefits. Salary increments denote periodic base pay increases rather than non-cash staff travel concessions.
- Subject
- Business and Management
- Category
- Human Resource Management
- Topic
- —
- Difficulty
- medium
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