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According to the clonal selection theory,
Compensation
Refers to the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.
Time-Based
Relating to, measuring, or measured by the passage of time, often used in contexts like billing, scheduling, or productivity analysis.
Skill-Based
Pertaining to or focusing on the acquisition and application of practical competencies and proficiencies.
Extrinsic Rewards
Benefits provided by an employer or an external environment that motivate individuals, such as money, promotions, and praise.
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