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What are two key facts that serve as the rationale for the multiplier effect?
Merit Pay Plan
A compensation strategy designed to reward employees based on their job performance, as opposed to seniority or hours worked.
Incentive Pay Plan
A compensation strategy designed to reward employees based on their performance, achievements, or meeting specific targets.
Incentive Pay Plans
Compensation strategies designed to motivate employees through financial rewards based on performance, productivity, or achievement.
Base Pay
The initial salary given to an employee, not including benefits, bonuses, or any other potential compensation.
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