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Describe the categories of variable pay.
Increased Satisfaction
The improvement of contentment and happiness levels among individuals or groups, often used in the context of employees within organizations.
Reduced Turnover
A decrease in the rate at which employees leave a company voluntarily and need to be replaced, often resulting from improved job satisfaction and work conditions.
Social Security System
A government program designed to provide financial support to individuals during retirement, disability, or unemployment.
Employee Retirement Income Security Act (ERISA)
A federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.
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