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Just-in-time operations and simultaneous engineering are key elements of time-based competition.
Individual Incentive Plans
Compensation strategies designed to reward employees based on their individual performance and achievements.
Commissions
Earnings based on a percentage of the sales made by an employee or agent, as a form of incentive pay.
Pay Equity
The principle of offering equal pay for work of equal value, aiming to eliminate wage discrimination based on gender or other unrelated factors.
Equal Pay
The principle of compensating employees equally for work of equal value regardless of gender, race, or other non-performance-related factors.
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