The check Harvey wrote to pay Steve's commission bounced. The duty Harvey has not fulfilled is the duty of compensation.
Employee motivation requires effective compensation management. A monetary payment given to an individual in exchange for their services is referred to as compensation. Employees earn their compensation in the workplace. It includes salary or wages, commission, and any incentives or perks that come with the position of the given employee.
Employees who are recognized for their contributions are more likely to be motivated, loyal, and productive than those who are not.
Management and the HR department can express gratitude in a variety of ways.
Hourly, Salary, Commission, and Bonuses are the four major types of direct compensation. When it comes to compensation, most people are interested in direct compensation, specifically base pay and variable pay.
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