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Compensation in the workplace

Author: James Howard

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Video Transcript
Terms to Know
Benefits

Compenstation other than money that is paid to an employee by an employer.

Incentive program

A series of measures designed and used by an organization to encourage specific behaviors and outcomes by employees.

Salary

Compensation paid to an employee by an employer based on a pay period.

Wages

Compensation paid to an employee by an employer based on hours worked.