PayScale Tools for Today's Comp Pro! Compensation Glossary: Part 1 of 4
Compensation Today
OCTOBER 19, 2015
1) PAY PHILOSOPHY Definition: High level documentation on what you are trying to achieve with your compensation plan. Not just the amount, but the payout period, who is eligible for what, the metrics the employee is measured against, and so forth. Typical variable pay includes incentives, bonuses, commission, and profit-sharing.
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