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The white matter of the spinal cord:
Skill-Based Pay Plans
Compensation systems that set pay levels based on the skills, knowledge, or competencies an employee acquires, rather than the job position alone.
Pay-for-Knowledge Plans
Compensation strategies that reward employees for acquiring and using specific knowledge or skills that benefit the organization.
Traditional Incentive Systems
Reward structures typically based on performance outcomes, aiming to motivate employees through financial incentives like bonuses, raises, and commissions based on their job performance or targets achieved.
Hourly Workers
Employees who are paid for each hour of work performed, as opposed to receiving a fixed salary.
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