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The College of Southern Nevada faculty pay scale is based on teaching experience and degrees earned. In addition to pay, it has a benefits package that includes medical insurance, dental insurance, life insurance, and retirement benefits.
The policies and strategies used to create the employment compensation package comprise a __________.

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Answer:

compensation system.

Explanation:

A compensation system corresponds to the sum of all benefits that an employee will receive in exchange for his work. Compensation corresponds to monetary and non-monetary benefits, such as health insurance, dental insurance and life insurance.

There are three general categories that divide remuneration. They are:

  1. Direct financial compensation,
  2. Indirect financial compensation and
  3. non-financial compensation.

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