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How are cost structures fundamentally different between the traditional and CIM environments?
Learning And Development
Organizational activities aimed at enhancing the knowledge, skills, and competencies of employees to improve their performance and career growth.
Base Pay
The fundamental salary an employee receives for their position, not including additional types of compensation such as overtime, bonuses, or other benefits.
Performance Pay
A compensation strategy that ties an employee's pay directly to their performance and achievements within the organization.
Compensation System
A structured plan designed by an organization to pay its employees, including wages, salaries, benefits, and bonuses.
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