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Bonus Pay Plans
Compensation methods that reward employees with extra pay based on performance, successful achievement of objectives, or company profitability.
Performance Targets
Specific goals set by a company or an individual to measure the level of success or efficiency in completing tasks or objectives.
Merit Pay Systems
Compensation strategies where employees' base pay increases are contingent upon their performance, often measured through performance appraisals.
Base Compensation
The initial salary or wage that an employee receives from an employer, not including bonuses, benefits, or any additional compensation.
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