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The basic income guarantee (BIG) is a government insured guarantee that no citizen's income will fall below some minimal level for any reason. All citizens would receive a BIG without means test or work requirement.
Compensation and benefits (abbreviated âC&Bâ) is a sub-discipline of human resources, focused on employee compensation and benefits policy-making. It is known in the United Kingdom as âtotal rewardâ and as âremunerationâ in Australia and New Zealand. 1 The basic components of employee compensation and benefits. Employee compensation and benefits are divided into four basic categories: 1. Guaranteed pay â a fixed monetary (cash) reward paid by an employer to an employee. The most common form of guaranteed pay is base salary.