What is core and non core pay?

Core pay refers to the basic salary or wage that an employee receives for their standard work duties, typically reflecting their job role and level of experience. Non-core pay includes additional forms of compensation that are not part of the base salary, such as bonuses, overtime pay, commissions, or benefits like health insurance and retirement contributions. Together, core and non-core pay make up an employee's total compensation package. Understanding both components is essential for assessing overall employee remuneration and motivation.