Asked by Sarwat Saleem on Sep 23, 2024
Under a merit pay system with a small merit pool, it is likely that _____ will be dissatisfied with their raises.
A) poor performers
B) average performers
C) high performers
D) new employees making the entry level rate
E) employees being paid at market rate
Merit Pay System
A compensation strategy that rewards employees based on their performance and achievements in the workplace.
Merit Pool
A budget set aside for merit-based increases in pay for employees, typically based on performance reviews.
High Performers
Employees who consistently exceed the standard performance expectations in their roles, contributing significantly to the organization's success.
- Investigate the determinants that affect the success of compensation systems reliant on performance outcomes.
Learning Objectives
- Investigate the determinants that affect the success of compensation systems reliant on performance outcomes.
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