When you work for a company, you get a paycheck. Sometimes it’s hourly. Sometimes you get a salary. Sometimes you do contract work. But there is some regular wage that you get for doing a job. Beyond this though, there is a realm of financial compensation in the business world that deals with extraneous situations.
There are several examples to get you thinking of when money changes hands outside of typical wage or salary relationships. For example, you may make money through stock dividends. Or, in the event of an injury, you can get cash from your company through Workers Comp. There are employee bonuses that come across in various financial scenarios. And then every once in a while you hear about golden parachutes. [Read more…] about Financial Compensation in the Business World