Examlex
Which of the following would most likely be of interest to a theorist from the cognitive approach?
Merit Pay
A compensation strategy that offers pay increases or bonuses to employees based on their performance accomplishments or achievements, rather than their position or seniority.
Base Pay
The initial rate of compensation an employee receives, not including benefits, bonuses, or any other potential earnings.
Merit Pay Plan
A pay system where employees receive increases in pay based on their performance, as determined through evaluations and assessments.
Performance Appraisal
A systematic evaluation process in which an employee’s job performance is assessed in relation to predefined objectives and criteria set by the employer.
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