Professional Documents
Culture Documents
Compensation
and Benefits
Rewards
Incentives
Things of value
Pay-for-knowledge
involves compensating
employees for learning
specific information.
Skill-based pay
rewards employees for
acquiring new skills.
Most senior
executives receive
their compensation
in 2 forms:
1. base salary
2. a form of incentive pay
(usually a bonus which
is based on company
performance)