Asked by Vikki Yager on Jul 01, 2024
Merit pay systems are always problem free.
Merit Pay Systems
Compensation strategies where employees' base pay increases are contingent upon their performance, often measured through performance appraisals.
- Acquire insight into how systems of compensation based on performance affect employee incentive and the effectiveness of the organization.
- Realize the significance of having clear and agreed-upon performance measures for effective compensation systems.
Learning Objectives
- Acquire insight into how systems of compensation based on performance affect employee incentive and the effectiveness of the organization.
- Realize the significance of having clear and agreed-upon performance measures for effective compensation systems.