The Choice of an Appraisal Term or Level Depends Mostly

question 10

True/False

The choice of an appraisal term or level depends mostly on the rater's perceptions,which may inaccurately measure performance.

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Definitions:

Pay Survey

A research tool used to collect and analyze compensation data from multiple organizations to determine market trends, establish pay standards, and ensure competitive salary packages.

External Equity

An aspect of compensation management that ensures employees' pay is competitive with the rates offered by other organizations in the same industry for similar positions.

Compensation Rates

The standard amounts of money or benefits paid to employees in exchange for their labor or services.

Pay Secrecy

Policies or practices that discourage or prohibit employees from discussing their salaries with co-workers.