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Payout Frequency
The regular schedule at which employees receive their wages, such as weekly, bi-weekly, or monthly.
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.
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