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Pay-for-performance Reward Systems

  • By: Dennis Doverspike
  • In: Encyclopedia of Career Development
  • Edited by: Jeffrey H. Greenhaus & Gerard A. Callanan
  • Subject:Career Development, Occupational/Industrial Psychology

Pay-for-performance reward systems are one of the major types of variable-based pay plans. In compensation terms, the guaranteed salary a person receives in each paycheck is referred to as base pay. Variable pay is a monetary component that is offered in ...

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