Solution compensation plan what is the meaning
Compensation plan is the complete plan to award individuals for their efforts and to ensure that your employees stay with you and are satisfied over a longer period of time. Compensation plan completes the entire process of deciding the compensation package for the employee, giving it and revising the salaries, wages and incentives with time. It is important as it is a systematic way to plan the compensation for the employees.
Example of an Employee Compensation Plan
What is COMPENSATION PLAN? definition of COMPENSATION PLAN (Black's Law Dictionary)
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