Asked by eliza mooradian on Jul 21, 2024
Verified
Amelia received a stellar performance appraisal in 2016 that translated to a 10 percent pay raise for 2017. Her 2016 base pay was $50,000. Which of the following applies to 2017?
A) Her employer would give her a bonus of $5,000.
B) Her pay would remain $50,000 but she would most likely get a promotion.
C) Her employer would add 10 percent to all her 2016 compensation components-base pay, incentives, benefits, and perks.
D) Her starting pay would be $55,000.
Performance Appraisal
The systematic evaluation of an employee's performance on the job, typically including both qualitative and quantitative assessments.
Base Pay
The initial salary or wage given to an employee excluding any extra benefits, bonuses, or raises, which serves as the foundation for total compensation.
Pay Raise
An increase in an employee's salary or wages, often awarded for merit, length of service, or to adjust for inflation.
- Explain the concept of strategic compensation and its importance in aligning organizational goals with employee performance.
Verified Answer
Learning Objectives
- Explain the concept of strategic compensation and its importance in aligning organizational goals with employee performance.
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