How compensation and benefits fit together

Please answer the following in no less than 150 words

1.  How compensation and benefits fit together

Examples

•Higher starting wages

•Up to 3.75% yearly wage increases

•Sales commissions are performance based

•Overtime Pay (+40 hours/week)

•401k and Pension

•PTO Accrual

•Paid Holidays

•Family/Individual Health Coverage

- 401k 

- Pension Plans

- Cell phone discount plans

ETC.