Compensation System Direct Indirect Benefits Structure Map
Payroll, Compensation, HR Admin Process Diagrams (PPT Template)
Hierarchy Diagram of Compensation and Benefits Management structure. This PowerPoint infographic presents the division into indirect and direct compensation within company's HRM
Indirect benefits include various protection programs, such as medical insurance, pension, social security, reimbursement for the time not worked, covering e.g. financial planning, car, free meals.
On another side, the direct compensation covers Base pay (salary, wage), Merit pay, Incentive pay (bonuses, commissions, stock options) and Deferred pay (savings plan, annuity, stock purchase)