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TOTAL REWARDS SYSTEM (Components (Compensation (Base wages (i.e. Salary…
TOTAL REWARDS SYSTEM
Components
Compensation
Base wages (i.e. Salary pay, hourly pay)
Premium pay (i.e. Weekend/Holiday Pay, On-Call Pay, Call-In Pay)
Variable pay (i.e. Commissions, stock options)
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Benefits
Legally Required/Mandated (i.e. CPF, Workers' Compensation Insurance)
Health & Welfare (i.e. Dental Plan, Life insurance)
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Outcome
- Business performance
- Positive results through the work of engaged employees who contribute their time, talent and efforts.
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