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Aaron was solving a crossword puzzle.The clue for a seven-letter word said "prose literature,not based on facts." Aaron was confident that he knew the word,but kept coming up with other words such as "faction," "friction," and "fraction." After saying these few words out loud,Aaron suddenly remembered the correct word: "fiction." In this scenario,Aaron experienced the
Short-Term Bonuses
Financial incentives awarded to employees for achieving immediate or near-future targets or for exceptional performance over a short period.
Deferred Compensation
A portion of an employee's income that is delayed to a later date, often used as a strategy for reducing taxes and saving for retirement.
Base Pay
The initial salary provided to an employee, not including bonus, benefits, or other compensation.
Performance-Based Pay
A compensation strategy where an employee's pay is directly linked to their performance and achievements in the workplace.
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