Examlex
Generation X
Merit Pay
Compensation increase awarded based on individual performance evaluation.
Individual Performance
The measure of the efficiency and effectiveness of an employee's work activities and outputs.
Sales Commissions
A compensation method in which sales professionals are paid a percentage of the sales they generate.
Profit-Sharing Plans
A type of incentive plan that gives employees a share in the company’s profits based on its quarterly or annual earnings, promoting a sense of ownership and participation.
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