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Incentive Compensation
Incentive compensation is a form of payment designed to motivate and reward employees' performance, often tied to achieving specific goals or benchmarks.
Quarterly Performance
The assessment of an organization's, team's, or individual's work results and achievements over a three-month period.
Merit Pay
Awards pay increases in proportion to performance contributions.
Performance Appraisal System
A performance appraisal system is a structured process through which employees' job performance is regularly evaluated, providing feedback, identifying areas for improvement, and determining development needs.
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