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A problem of the merit pay system is who is assessing the performance and allotting the pay increases.
Merit Pay System
A compensation strategy that rewards employees based on their performance, as assessed through appraisals or achievements.
Assessing The Performance
The process of evaluating the efficiency, effectiveness, and productivity of an individual or organization's work.
Pay Increases
Adjustments made to employees' salaries to reward performance, match inflation, or position the company competitively in the job market.
- Acknowledge the difficulties and partialities present in performance assessment techniques and approaches to lessen their impact.
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Learning Objectives
- Acknowledge the difficulties and partialities present in performance assessment techniques and approaches to lessen their impact.
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