Examlex
Which of the following best matches the description?
-Term used to describe a product which is used once and thrown away.
Base Pay
The initial salary given to an employee, not including benefits, bonuses, or any other potential compensation.
Merit Pay Plans
Compensation strategies that provide pay increases based on an employee's performance, as opposed to seniority or hours worked.
Performance Management System
A continuous process by which managers and employees work together to plan, monitor, and review an employee’s work objectives and overall contribution to the organization.
Performance Measures
Metrics or indicators used to assess the effectiveness, quality, or efficiency of an individual's, group's, or organization's output or activities.
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