compensation |
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What is Recognition awards
A one-time payment based upon recognition of an achievement
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What is Piece-rate system
A compensation system in which employees are paid per unit produced
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What is Spot bonus
A special type of bonus used is a one-time bonus, because it can be awarded at any time
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What is Lump sum increase
A one-time payment of all or part of a yearly pay increase that does not increase base wages
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