Which type of compensation method does not involve a performance bonus? multiple choice revenue sharing hourly wages piece rate profit sharing

The definition of labour compensation per hour worked is the employee's total remuneration in national currency divided by the employee's total number of hours worked. The total of an employee's gross wages, salary, and social security contributions constitutes their compensation.

What is Compensation strategy ?

A compensation strategy describes how your business will handle employee compensation and benefits. This covers the company's standing on the labour market, the amount of total funds, the organization's key bonus concepts, the base wage guidelines, and employee perks.

For instance, if an employee has worked for the company for more than a year, you might give them a retirement plan or more vacation time. After 90 days, you might give stock options as a bonus.

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