A 401(k) retirement plan is a type of employer-sponsored, tax-advantaged retirement savings account that allows employees to contribute a portion of their pre-tax earnings to invest in various assets, such as stocks, bonds, and mutual funds.

Implementing a new compensation management solution within an organization can be a complex and transformative endeavor. It involves introducing new systems, processes, and policies that impact how compensation is structured, communicated, and administered.

Incentive compensation for sales refers to a performance-based rewards system designed to motivate salespeople and improve their performance. This type of compensation is directly tied to the achievement of specific sales targets, goals, or other performance metrics, and is typically offered in addition to a base salary.