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Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

Incentive Compensation: Any bonuses, commissions, or other performance-based pay. Benefits: A list of all benefits provided by the employer, such as health insurance, retirement plans, paid time off, and life insurance. It typically includes: Base Salary or Wages: The employee’s hourly or annual pay rate.

401(k) 40
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EXECUTIVE COMPENSATION

HR Management Activities

BENEFITS FOR EXECUTIVES As with benefits for non-executive employees, executive benefits may take several forms, including traditional retirement, health insurance, vacations, and others. Deferred compensation is another possible means used to help executives with tax liabilities caused by incentive compensation plans.