Examlex
Identify the mismatched pair.
Salary Limits
The maximum and minimum amounts that an organization is willing to pay for a particular job position, often determined by budget restrictions and market rates.
Red-Circled Rates
Pay rates that are above the maximum of the pay scale for a position, often protected for a period even if they exceed normal salary ranges.
Merit Raises
Salary increases awarded to employees based on their performance and achievements, as opposed to cost of living adjustments or across-the-board increases.
Performance Appraisal
The process by which organizations evaluate employee job performance over a period of time.
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