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What is happening in step 1?
Compensation Scheme
The structure of various types of pay and benefits that employees receive for their work, including salary, bonuses, and non-monetary perks.
Monitor Outcomes
The process of tracking and reviewing the results of actions or decisions in order to assess performance, effectiveness, or quality.
Incentive Compensation
A form of payment designed to reward employees for achieving a certain goal, improving performance, or exhibiting a desired behavior.
Performance Measures
Metrics or indicators used to gauge the effectiveness, productivity, or success of an organization or individual’s activities.
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