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Ideally, ________ would be an objective process; however, it is largely influenced by one's ________.
Indirect Compensation
Benefits given to employees that are not paid directly as cash but contribute to their overall remuneration, such as insurance or retirement plans.
Bonuses
Additional financial compensation awarded to employees as a reward for their exceptional performance or achievement.
Commissions
A type of incentive pay calculated as a percentage of the employee's sales or performance.
Competency-Based Pay System
A compensation approach that rewards employees based on their skills, abilities, and achievements rather than their job title or position.
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