This is a discussion between students in a class Forum I need a apply to this student with at least 170 words. Your thoughts? Please your own words, No Plagiarism please
Core compensation involves two categories. These two categories are as follows: base pay and base pay adjustments over time. The money that is earned for the employee doing their job is considered base pay. This type of pay is recurring. There are two forms of base pay. These two forms of base pay includes: hourly pay or wage and salary. There are several of reasons why base pay gets adjusted over time. The first reason why this pay would get adjusted is because of the cost of living going up or down in cost. Some of the other reasons why base pay would get adjusted involves the following: seniority pay, merit pay, incentive pay, and person-focused pay or competency-based pay: pay-for-knowledge, skill-based pay. I have never been on salary pay before with any of my jobs. I have always been on hourly wage. However, I still get yearly raises. I do not think I would mind salary pay though. What does everyone like better? Do you like being an hourly or salary employee?