by Tara Kuther, Ph.D. A master's degree is a type of graduate degree, degree earned after completion of an undergraduate degree (BA or BS). Typically the master's degree requires about 30 credits of coursework and takes 2 years of full time study beyond the bachelor's degree. In addition to coursework, the master's degree sometimes entails completing comprehensive exams and/or a thesis.
flexible benefit plan. Definition. A benefits plan that allows employees to select from a pool of choices, some or all of which may be tax-advantaged. Potential choices include cash, retirement plan contributions, vacation days, and insurance. also called cafeteria plan. Use this term in a sentence.
It really is, as the name suggests, a pay plan in whichthe level of the award varies with some metric. This metric is normally tied to companyor unit performance. It also may have an individual performance metric as well.There are typically two main categories of variable pay plans. One is a bonus plan, theother is an incentive plan. A bonus plan is one where the bonus is awarded after the factand typically has very little or no incentive value. The employees typically come to see itas an entitlement.An incentive plan is a variable pay plan that is tied to some level of performance.