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You would use variable respecification under which circumstance?
Incentive Pay
Compensation awarded to employees for achieving specific performance goals, designed to motivate and reward high levels of productivity or exceptional work.
Performance Appraisals
The process through which an employee's job performance is evaluated, typically on a regular basis such as annually or semi-annually.
Merit Pay
A pay increase given to employees based on their performance, rewarding those who perform their job well.
Piecework Rate Plan
A compensation system where employees are paid a fixed rate for each unit of production completed, encouraging productivity and efficiency.
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