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Deferred Compensation
A portion of an employee's income that is delayed to a later date, often used as a strategy for reducing taxes and saving for retirement.
Base Pay
The initial salary provided to an employee, not including bonus, benefits, or other compensation.
Performance-Based Pay
A compensation strategy where an employee's pay is directly linked to their performance and achievements in the workplace.
Strategic Objectives
Long-term goals that help to guide an organization towards its envisioned future state and success.
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