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What is a strength of assessment centres (ACs) ?
Merit-pay Plans
Are compensation plans that formally base at least some meaningful portion of compensation on merit.
Compensation Plans
Formalized programs developed by organizations to determine how employees are remunerated for their work, including salaries, bonuses, and benefits.
Relative Value
A measurement that assesses the worth of a good or service in comparison to other goods or services.
Stock-purchase Plans
programs that allow employees to buy shares of their company's stock, often at a discounted price, as part of their benefits.
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