Fixed pay : This is the basic salary paid to the employee irrespective of any other factor. This is stated clearly in the employment contract
Variable Pay: This is the additional compensation paid to employee based on employee’s performance, company performance etc.
Equity Pay: Employees are awarded shares of the company, often at a discounted price. Employees are expected to make money out of them by the appreciation of the stock price and the growth of the company
Other benefits: Other benefits may include mediclaim, insurance policies, company owned car of flat etc.