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Deferred compensation
A deferred compensation plan sets aside a portion of an employee’s compensation so it can be paid at a later date. Employees may choose to enter into a deferred compensation plan to set aside money for retirement plans via a Saver’s Tax Credit, to receive other tax benefits, or to stay on top of the markets while following investment advice from a financial advisor.
Ascentis' powerful talent management software can help you manage all your compensation planning needs.
Other terms:
Multigenerational workforce
In most industries, the modern workforce includes a wide ran... See more
