Write a Short Note on Follower Readiness Giving an Example

question 32

Essay

Write a short note on follower readiness giving an example.

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Definitions:

Discretionary Plan

A flexible compensation strategy that allows employers to determine bonuses or additional pay based on the company's financial performance and individual employee contributions.

Bonus Plan

A form of variable pay where employees receive additional compensation on top of their base salary, typically based on performance or achieving certain targets.

Frequency of Payouts

Refers to how often employees receive their earnings, such as weekly, bi-weekly, monthly, or quarterly.

Bonus Allocation

is the distribution of financial rewards to employees beyond their regular pay, typically based on performance or company profit.