What are the main components of a wage structure of an employee?

Answer 1

1. Base salary or hourly pay rate

2. Base employee benefits such as state disability and workers compensation insurance

3. Paid employee benefits such as medical and dental insurance, life insurance, longterm disability insurance. These may be employer paid, employee paid or a combination of both.

4. Taxes. Federal, State and local income taxes, Social Security and Medicare taxes.

5. (Optional) Pension benefits

6. (Optional) savings or investment benefits such as 401k, ESOP or other investment plans.

More basic would be salary/hourly payrate, taxes and employee benefits

Answer 2

The main components of a wage structure for an employee typically include base salary or hourly rate, incentives or bonuses, benefits (such as health insurance or retirement plans), and any additional allowances or perks provided by the employer. The wage structure may also take into account factors such as employee experience, education, and performance.