Asked by Joseph Zorzoli on Jul 13, 2024
Verified
From employers' perspective, an advantage of merit pay is that it is cheap.
Merit Pay
A compensation strategy that awards pay increases based on an individual's performance, often measured through evaluations.
Employers' Perspective
The viewpoint or approach taken by employers in relation to their workforce and business practices, including hiring, management, and policy setting.
- Understand the influence of incentive pay on behavior modification and performance enhancement in organizational frameworks.
Verified Answer
NH
Nathan HerreraJul 14, 2024
Final Answer :
False
Explanation :
Merit pay requires employers to evaluate employee performance and provide monetary rewards accordingly. This process can be time-consuming and may require additional resources for training and development. Therefore, it may not necessarily be cheap for employers to implement.
Learning Objectives
- Understand the influence of incentive pay on behavior modification and performance enhancement in organizational frameworks.
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