Jeremy is developing a compensation plan for his company's sales team. the two basic decisions he must make include the level of compensation and the method of payment.
Repayment refers to economic price given to an individual in exchange for his or her offerings. within the workplace, repayment is what's earned by using employees. It includes revenue or wages in addition to commission and any incentives or perks that include the given worker's function.
Compensation can also be used as a praise for exceptional activity performance. Examples of such plans consist of: bonuses, commissions, inventory, profit sharing, advantage sharing.
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