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Employees Are Paid A Fixed Amount Each Pay Period

oboloo Glossary

Employees Are Paid A Fixed Amount Each Pay Period

Employees are paid a fixed amount each pay period, meaning that the same monetary amount is allocated to each employee regardless of their individual performance. This payment methodology allows for consistent salaries and provides an incentive to work hard and produce results, as employees have faith in their true value being rewarded without fail at the end of the cycle. It also encourages workplace stability, since both the employer and the employee can be sure of the expected return on investment.

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