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When an employer is determining an employee's total compensation he includes his pay and the hours...

When an employer is determining an employee's total compensation he

includes his pay and the hours worked
excludes benefits as part of the pay package.
includes the opportunity cost to the employee
includes his entire compensation package, benefits and wages
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Answer #1

includes his entire compensation package, benefits and wages

Compensation is the gross amount paid to the employee by the employer for the number of days worked and number of hours worked for a given period. This includes all the benefits, wages and entire thing that will be paid to the employee in form of cash or kind in a particular period of time. Thus, the entire compensation, benefits, wages etc are taken into consideration as compensation. Therefore, it is called as Total Compensation and not only Salary.

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