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Explain the philosophical basic assumptions behind variable pay plans.
Strategic Objectives
Goals set by an organization to guide its strategic direction, focusing on long-term achievements that contribute to its overall mission.
Subsidiary Human Capital
Subsidiary human capital pertains to the skills, knowledge, and competencies of employees working within a subsidiary of a larger corporation, contributing to its competitive advantage.
Specific Location
A distinct or particular place or position.
Company Knowledge
The collective information, expertise, and skills possessed by a company's workforce, including its processes, products, and market insights.
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