Asked by Lucia Cantu on Jun 20, 2024
Verified
What is the most common form of performance pay used by medium to large Canadian firms?
A) merit raises
B) profit sharing
C) merit bonuses
D) commissions
Merit Raises
Increases in an employee's base pay based on performance evaluations.
Profit Sharing
A compensation strategy where employees receive additional pay based on the company's profits.
- Comprehend the various remuneration strategies and their attributes.
Verified Answer
NB
Naiomi BreretonJun 20, 2024
Final Answer :
A
Explanation :
Merit raises are the most common form of performance pay used by medium to large Canadian firms, as they are typically linked to an individual's performance appraisal, rewarding employees directly through their base salary.
Learning Objectives
- Comprehend the various remuneration strategies and their attributes.
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