What is Benefit Wage? | Definition & Meaning | Akrivia HCM

A benefit wage system is a way of rewarding employees, where they are paid based on their tenure rather than just the hours they work. The idea behind this kind of system is that it allows companies to reward reliable employees while motivating them to stay with the company rather than look for other income methods. The main benefit to this system is that it ensures that hardworking employees are compensated for their efforts, unlike systems that pay hourly wages based on the length of time spent working.

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