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-Leon Battista Alberti
Compensation System
A structured approach by employers to determine the pay and benefits of employees, including wages, salaries, bonuses, and commissions.
Entry Level
Refers to the initial position or starting phase of an individual's career, often requiring minimal professional experience.
Hybrid Compensation Policy
A compensation plan that combines elements of both fixed salaries and variable pay based on performance, aiming to motivate and retain employees.
Compensation Packages
The total combination of salary, bonuses, benefits, and any other form of financial reward provided to employees.
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