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This question is about employer.
What is monetary compensation?
Monetary compensation refers to an individual or group paying another individual for their products, services, or labor. Monetary compensation can take many different forms. Some of the most common forms of monetary compensation include:
Annual salaries
Hourly wages
Employee benefits
Payments for freelance projects
The key to all forms of monetary compensation involves payment, meaning the exchange of money for goods or services from one individual to another, or from an employer to an employee.
Monetary compensation is the most common form of compensation and is the most important because it reflects how much money an employee or worker can earn from doing their job.
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