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Hydrangeas are a flowering plant with large showy blooms. When a plant is grown in acidic soil, it has blue flowers; if the same plant is transplanted into soil that is alkaline, the flowers produced will be pink. This is an example of
Compensation
The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for the work performed as required.
Benefits Packages
A combination of non-wage compensations provided to employees in addition to their salaries or wages, including health insurance, paid time off, retirement plans, and more.
Incentive Compensation
A performance-based payment system where rewards are offered to employees for meeting certain targets or achievements.
Merit Pay
A compensation strategy that rewards employees based on their performance and achievements, as opposed to seniority or hours worked.
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