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Discuss the five similarities between historical-comparative and field research.
Total Compensation
The complete pay package for employees, including all forms of money, benefits, services, and in-kind payments.
Wages
Compensation paid to employees based on the hours worked, typically expressed as an hourly rate.
Pay for Knowledge Systems
Compensation strategies that reward employees for their skills, expertise, and the range of tasks they are capable of performing, rather than for the job position itself.
Competency-Based Pay
A compensation system that bases an employee's pay on the skills, abilities, and knowledge they bring to the job, rather than their job title or position.
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