Fixed compensation

Fixed compensation

The salary (or base pay) provided to an employee as expressed in a given frequency, such as annual, monthly, weekly or hourly. Fixed compensation is typically set or changed on a periodic (usually annual) basis. Each employee usually has only one active fixed compensation record, but an employee who is paid in multiple currencies or frequencies can have more than one.

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Part of Speech: noun
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Industry/Domain: Computer
Category: Components; Software development
Company: Microsoft
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Related terms

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