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This question is about salaries.
What is base compensation?
Base compensation is the initial offering of salary to an employee from an employer that does not include employee benefits, bonuses, potential raises, or forms of additional compensation.
Base compensation can also be referred to as a base salary, base wage, or base pay. An employee's base compensation may be given in several different ways, including:
As an hourly rate of pay
Weekly paycheck
Monthly paycheck
Annual salary
Base compensation does also not include any of the following items:
Employee benefits, including insurance plans
Retirement plans, such as 401 Ks
Incentive-based pay
Potential raises
Bonuses
Additional forms of compensation
Commission
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