Question

Which term refers to a compensation plan that includes traditional pay, job design, career development, and recognition?

Answer 1

There are 6 different types of compensation plans and benefits:

1.      Straight Salary Compensation

2.      Salary plus Commission

3.      Commission Only

4.      Territory Volume Compensation Plans

5.      Profit Margin/Revenue Based Compensation Plans

6.      Residual Commission

The one includes traditional pay, recognition, job design, and career development is the straight salary compensation.