Different Types of Compensation

In: Business and Management

Submitted By Zafirah
Words 334
Pages 2
Different Types of Compensation

In: Business and Management

Different Types of compensation When a person applies for a job, he or she will find that different types of jobs sport different types of compensation. For example, some jobs pay by the hour. In these types of jobs, many times the employee has to punch a time clock so that there will be documentation of the exact number of hours that this person has worked. Other jobs pay an annual salary. For these types of jobs, the person is paid a set rate regardless of how many hours he or she works. Finally, some jobs have compensation which is based on commission. These are mostly sales positions, and the more a person sells, the more money he or she makes. These three types of compensation are the most common forms of payment that organizations offer to their employees. When looking at the Los Angeles Times Sunday edition for August 5, 2011, there are many jobs listed to say the least. Three salaried jobs which were listed on that day are: 1). Customer Support/Client Care for AppleOne, located in Santa Clara, California, with a salary of up to $62,000 year depending on experience; 2). Customer Support/Client Care for Ajilon Professional Staffing in Uniondale New York with a salary between $55,000-$75,000 per year depending on experience; and 3). Medical Reimbursement/Billing Analyst for a major medical organization located in San Diego, California is currently seeking a qualified individual for their expanding billing and reimbursement are with a starting salary of up to $60,000 “Los Angeles Times Classifieds, 2012.” According to business consultant K. A. Francis, most jobs that pay a salary “are professional in nature. Aside from the usual professional positions, such as doctors and lawyers; other professions, including executive positions; administrative…...

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