compensation plans
Employee payment arrangements
Compensation plans are the structured arrangements by which employees receive payment and benefits for their work.
A company's compensation plan typically includes salary or wages, bonuses, commissions, stock options, health insurance, and retirement contributions.
In sales contexts, compensation plans often emphasize performance-based incentives: The new compensation plan rewards top performers with higher commission rates.
In multilevel marketing, compensation plans describe how distributors earn money from their own sales and their recruits' sales.
- salaryFixed periodic employment payment
- base salaryGuaranteed regular compensation
- bonusReward beyond expectation
- sign-on bonusPayment for accepting employment
- health insuranceProtection against medical costs
performance bonus · raise · dental insurance · hazard pay · stock options · wages · severance pay · employee benefits · vision insurance · profit-sharing · gym membership · fringe benefits · childcare assistance · merit pay · hourly pay · pay scale · equity stake · tuition reimbursement
- Sales Incentivescommissions, bonuses, quotas, incentives, payout
- sales techCRM, Salesforce, HubSpot, sales forecasting, lead generation
compensation plansunpaid labor
Work done without payment
non-payment · wage theft · withheld wages · exploitation · forced labor
compensation plansexploitation
Selfish use of others
wage slavery · starvation wages · unfair labor practices · worker exploitation · poverty wages
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