Examlex
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Piece-rate Pay
A compensation system where workers are paid based on the quantity of items produced or tasks completed.
Merit Pay
A compensation strategy that rewards employees based on their performance or achievements, often measured through evaluations or achievement of set goals.
Bonus Pay
Additional compensation given to employees as a reward for achieving specific performance targets or for exceptional work.
Job Performance
The level to which an employee successfully fulfills the roles, responsibilities, and tasks of their job.
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