{"id":17113,"date":"2026-11-06T14:47:36","date_gmt":"2026-11-06T13:47:36","guid":{"rendered":"https:\/\/smartfp.cz\/glossary\/components-of-compensation\/"},"modified":"2026-11-06T14:47:45","modified_gmt":"2026-11-06T13:47:45","slug":"components-of-compensation","status":"publish","type":"page","link":"https:\/\/smartfp.cz\/en\/glossary\/components-of-compensation\/","title":{"rendered":"Components of Compensation"},"content":{"rendered":"\n
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Components of Compensation<\/mark> \u2013 What Makes Up Total Compensation<\/strong><\/h1>\n\n\n\n

Compensation components are the individual monetary and non-monetary elements of what a person receives for their work. In addition to base pay, they may include performance-based pay, bonuses, commissions, allowances, or benefits. Breaking down compensation into its components helps identify where disparities in pay arise.<\/p>\n\n\n\n

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What to Include<\/strong><\/h2>\n\n\n\n

Determine in advance which components and which time periods should be included in the summary. For benefits, note the valuation method so that the same benefit has the same value when compared.<\/p>\n<\/div>\n\n\n\n

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What to Examine Separately<\/strong><\/h2>\n\n\n\n

For variable compensation, distinguish between the possibility of receiving a bonus, the rules for calculating it, and the amount actually paid. Each of these factors may differ between two people.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Same Base, Different Commissions<\/strong><\/h2>\n\n\n\n

Two salespeople have the same quarterly base of 120,000 CZK. One receives a commission of 30,000 CZK and the other 12,000 CZK. The entire difference of 18,000 K\u010d stems from commissions. When analyzing this, it\u2019s therefore worth comparing commission rates, assigned portfolios, and executed trades.<\/p>\n\n\n\n

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How should missing data be handled?<\/strong><\/h2>\n\n\n\n

Enter a zero where you know for certain that the person received nothing. An undetermined bonus amount should remain marked as missing data; otherwise, it may lower the average for the entire group.<\/p>\n\n\n\n

The section on compensation standardization<\/a> explains how to convert selected components into a common hourly rate. You can also use the amounts prepared in this way to calculate the gender pay gap<\/a>.<\/p>\n\n\n\n

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No obligation and free of charge<\/p>\n<\/div>\n\n\n\n

In which component does the difference arise?<\/strong><\/h2>\n\n\n\n
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Take a look at the SmartFP example to see how bonuses are broken down by category. Together, we\u2019ll go over what you can glean from the overview and what questions to ask the payroll department.<\/p>\n<\/div>\n\n\n\n

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Schedule a free demo<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
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Components of Compensation \u2013 What Makes Up Total Compensation Compensation components are the individual monetary and non-monetary elements of what a person receives for their work. In addition to base pay, they may include performance-based pay, bonuses, commissions, allowances, or benefits. Breaking down compensation into its components helps identify where disparities in pay arise. What […]<\/p>\n","protected":false},"author":16,"featured_media":0,"parent":12001,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_eb_attr":"","inline_featured_image":false,"_eb_data_table":"","footnotes":""},"class_list":["post-17113","page","type-page","status-publish","hentry"],"yoast_head":"\nComponents of Compensation - SmartFP<\/title>\n<meta name=\"description\" content=\"Corporate applications and integrations\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smartfp.cz\/en\/glossary\/components-of-compensation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Components of Compensation - SmartFP\" \/>\n<meta property=\"og:description\" content=\"Corporate applications and integrations\" \/>\n<meta property=\"og:url\" content=\"https:\/\/smartfp.cz\/en\/glossary\/components-of-compensation\/\" \/>\n<meta property=\"og:site_name\" content=\"SmartFP\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smartformplatform\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-06T13:47:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/smartfp.cz\/wp-content\/uploads\/2026\/02\/fdtom-eeb.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/smartfp.cz\\\/en\\\/glossary\\\/components-of-compensation\\\/\",\"url\":\"https:\\\/\\\/smartfp.cz\\\/en\\\/glossary\\\/components-of-compensation\\\/\",\"name\":\"Components of Compensation - 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