Strategic pay plan

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Employee CompensationPay or reward

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Seve

ral A

cts

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Employer Self-Conducted

Surveys

Government Agencies

Consulting Firms

Sources of Wage and Salary Information

Professional Associations

The Internet

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Base Pay

Executive Benefits

and Perks

Short-term Incentives

Long-Term Incentives

Compensating Executives and Managers

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Support High-Performance

Work Systems

Support Performance Management

Why Use Competency-Based Pay?

Support Strategic Aims

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