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Concept
Compensation Structures
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Summary
Compensation Structures
are frameworks that determine how employees are rewarded for their work, balancing
Internal Equity
and
External Competitiveness
to attract, retain, and
Motivate talent
. They encompass various components such as
Base Pay
, bonuses, benefits, and incentives, tailored to align with
Organizational Goals
and
Market standards
.
Concepts
Base Pay
Incentive Pay
Equity Compensation
Total Rewards
Pay-for-Performance
Internal Equity
External Competitiveness
Job Evaluation
Market Benchmarking
Compensation Philosophy
Occupational Classification
Surface Use Agreement
Relevant Degrees
Salaries and Wages 78%
Human Relations in the Enterprise 22%
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