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Lamarck is best known for his theory of inheritance of acquired characteristics.
Merit Raises
Salary increases awarded to employees based on their job performance, often evaluated through performance appraisals.
Merit Bonuses
Financial rewards given to employees based on their performance and achievements, typically as a way to incentivize high-quality work.
Performance Appraisal System
The formal mechanism through which employee performance is assessed, feedback is provided, and development goals are set.
Gain Sharing
A performance-based compensation strategy where employees receive financial rewards based on improvements in the company's productivity or profitability.
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