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What is true of APEC?
Pay For Performance
A compensation strategy where employees are rewarded based on their performance and contributions to the organization.
Nonmonetary Rewards
Incentives or benefits given to employees that do not involve direct financial compensation, such as recognition or growth opportunities.
Eliminate
To completely remove or get rid of something, often used in the context of removing inefficiencies or redundancies in a system.
Base Pay
The initial rate of compensation that an employee receives, not including bonuses, benefits, or other forms of additional compensation.
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