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.