Non-wage factors are non-monetary job benefits

Steps:

• Define non-wage factors as benefits beyond direct pay, like work-life balance perks.
• Examine choices: identify monetary (wage) vs. non-monetary elements.
• Classify A, C, D as pay-related; B as a perk.
• Confirm B fits non-wage category.

Why B is correct:

• Holiday entitlement provides paid time off, a non-monetary benefit improving work-life balance, per labor economics definitions distinguishing it from direct compensation.

Why the others are wrong:

• A: Bonus payments add to direct earnings, a wage factor.
• C: Overtime rate increases hourly pay, a monetary incentive.
• D: Salary level sets base pay, core wage component.

Final answer: B