Compensation types Compensation types Time Wage – Direct payment per hour Time Wage – Direct payment per hour Salary – Direct payment per week, bi-weekly, or monthly Salary – Direct payment per week, bi-weekly, or monthly Commission – Percentage of sales Commission – Percentage of sales Piece Rate – Payment per unit produced Piece Rate – Payment per unit produced Base plus incentive – Direct payment plus performance based pay Base plus incentive – Direct payment plus performance based pay Human Resources Management continued 35
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