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People also ask
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What is a raise in the rate of pay which is based on the work performance of an employee called?
Merit pay, also known as pay-for-performance, is defined as a raise in pay based on a set of criteria set by the employer. This usually involves the employer conducting a review meeting with the employee to discuss the employee's work performance during a certain time period.
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Which type of compensation increases an employee's base pay and contributes to cost control over time?
Seniority pay: seniority pay systems reward employees with periodic additions to base pay ing to employees' length of service in performing their jobs.
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In what pay increases are awarded to an employee in proportion to his her performance contributions?
A merit increase refers to a salary raise given to an employee based on their individual performance and contribution to the organization.
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Which of the following is a salary increase awarded to an employee based on his or her individual performance?
A merit increase is a pay raise given to an employee based on their performance. This is often used as an incentive to motivate employees in the workplace by recognizing their hard work.
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What is strategic human resource management Dessler?
Strategic human resource management means formulating and executing human resource policies and practices that produce the employee competencies and behaviors the company needs to achieve its strategic aims.
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Which of the following terms refers to financial rewards paid to workers whose production exceeds some predetermined standard?
A) indirect financial payments B) merit payments C) hardship allowances D) financial incentives Answer: D Explanation: D) Financial incentives are financial rewards paid to workers whose production exceeds some predetermined standard.
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What is the summary of human resource management by Gary Dessler?
Coverage emphasizes essential themes throughout the book, including the building of better, faster, more competitive organizations through HRM; practical applications that help all managers deal with their personnel-related responsibilities; and technology and HR.
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