Examlex
What are the five key issues to remember when developing distribution strategies for service organizations?
Bonus Pay
Additional compensation given to employees beyond their regular salary, typically as a reward for achieving certain goals or exceptional performance.
Lump-sum Payments
One-time payments made for the entire amount of an obligation or transaction, as opposed to installments.
Base Wage
The initial rate of pay that an employee receives, excluding additional compensation such as bonuses, overtime, or allowances.
Incentive Compensation Systems
Payment programs designed to motivate employees' performance by aligning their incentives with the organization's goals, typically through bonuses, profit sharing, or stock options.
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