Examlex
Which elements make up the labour relations "system"?
Performance Standards
The established expectations, metrics, or benchmarks used to measure and assess an individual's or organization’s performance in specific areas.
Organizational Performance
The measurement of an organization's efficiency, effectiveness, and ability to meet its goals.
Lump-Sum Merit Raises
A one-time payment given to an employee as a reward for exceptional performance, instead of a regular salary increase.
Merit-Based Increase
Salary increases awarded to employees based on their performance, achievement, or accomplishments rather than tenure or seniority.
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