Asked by Muhammad Ahmed on Jul 26, 2024
Verified
Conventional merit pay has a stronger effect on job performance than bonus pay.
Conventional Merit Pay
A pay system where employees receive increases in pay based on their performance evaluations or achievements, traditionally seen in annual reviews.
Bonus Pay
Additional compensation given to employees on top of their regular salary, often as a reward for achieving specific goals or performance benchmarks.
- Understand the function of bonuses in boosting job performance and their relation to traditional merit pay.
Verified Answer
ZK
Zybrea KnightAug 01, 2024
Final Answer :
False
Explanation :
Merit pay, which is a permanent increase in base salary, often does not have as immediate or strong an effect on job performance as bonus pay, which is a one-time reward for meeting specific performance targets and can more directly motivate short-term performance improvements.
Learning Objectives
- Understand the function of bonuses in boosting job performance and their relation to traditional merit pay.
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