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Types of Compensation: Everything HR Needs to Know

HR Lineup

In the dynamic landscape of human resources, managing compensation is a crucial aspect that directly impacts an organization’s ability to attract, retain, and motivate employees. Variable Pay: Performance-Based Incentives Variable pay, also known as performance-based pay, includes bonuses, commissions, and profit-sharing plans.

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Designing Effective Variable Compensation Structures in Compensation Planning

HR Digest

Compensation planning is a critical function of any organization’s human resources management. Designing Variable Compensation Structures Variable compensation structures can take many forms, including bonuses, commissions, stock options, and profit-sharing plans.