Examlex
Effective orientation programs:
Compensation Mix
The combination of direct compensation (like salary and wages) and indirect compensation (such as benefits) that an employee receives.
Reward Strategy
A plan designed by an organization to recognize and provide incentives to employees for their work and achievements through financial and non-financial means.
Compensation Strategy
A plan or approach for determining how employees will be rewarded for their work, including salaries, bonuses, and benefits.
Direct Pay
Compensation paid directly to employees for their work, including salaries, wages, and bonuses, not including indirect benefits like health insurance.
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Q113: A business philosophy and set of strategies,