Examlex
Write 5/8 as an equivalent fraction with 96 in the denominator.
Merit-Based Increase
Salary increases awarded to employees based on their performance, achievement, or accomplishments rather than tenure or seniority.
Merit Raises
Salary increases based on an employee's performance as assessed through evaluations, rewarding good work.
Performance Appraisal System
A systematic process by which an employee's job performance and productivity are evaluated by their supervisor or manager.
Piece Rate Pay Systems
A compensation method where employees are paid a fixed rate for each unit they produce or task they complete, incentivizing productivity.
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