Asked by mancho raghava on Sep 24, 2024
Verified
Miguel's company bases their pay rates on performance. This system of compensation is referred to as ________ pay.
A) merit
B) seniority
C) position
D) risk
Merit Pay
A compensation approach where employees' pay increases are based on their performance metrics.
Compensation
Represents the payment or remuneration provided to employees for their work or services.
- Acquire knowledge about the principle of work motivation and its critical role in the settings of organizations.
- Recognize and distinguish between internal and external forms of motivation.
Verified Answer
KC
Kavitha chandran2 days ago
Final Answer :
A
Explanation :
The system of compensation based on performance is known as merit pay.
Learning Objectives
- Acquire knowledge about the principle of work motivation and its critical role in the settings of organizations.
- Recognize and distinguish between internal and external forms of motivation.
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