Which of the following is included in an employee’s compensation package?

An employee’s compensation package is typically a comprehensive arrangement that goes beyond just the basic pay. It includes the salary, which is often a fixed amount that an employee receives for their work, supplemented by bonuses that may be awarded based on performance or company profitability. Additionally, benefits, such as health insurance, retirement plans, paid time off, and other perks, are integral parts of the overall compensation package. This holistic approach ensures that employees are reward not just for the hours they work, but also for the value they bring to the organization through various additional incentives and support.

Considering the other options, simply offering an hourly wage or focusing solely on holiday time does not adequately reflect the totality of compensation. Wages from previous employment are irrelevant to current compensation as they pertain to past work and are not part of what an employee currently receives from their employer. Hence, the comprehensive nature of salary, bonuses, and benefits makes this option the correct representation of a compensation package.