Asked by
Olivia Peterson
on Nov 02, 2024
Verified
Salary sacrificing refers to:
A) an employer withholding a portion of an employee's salary or wages for sub-standard performance.
B) an employee electing to forego some of their salary or wages in return for other non-cash benefits.
C) an employee not receiving a portion of their salary and wages due to the fact that pre-determined performance targets have not been met.
D) an employee foregoing some of their wages because leave entitlements such as sick leave have been overdrawn.
Salary Sacrificing
An arrangement where an employee agrees to receive less income in return for their employer providing benefits of a similar value.
Non-Cash Benefits
Compensation or perks given to employees that are not in the form of money, such as health insurance, company cars, or housing.
Performance Targets
Specific, quantifiable objectives set by a company or an individual to measure progress toward a desired goal or standard.
- Identify categories of employee benefits and the conditions that affect their allotment.
Verified Answer
DW
Learning Objectives
- Identify categories of employee benefits and the conditions that affect their allotment.