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Lego experienced a turning point in 2004.What was it?
Merit Pay Systems
Compensation strategies where employees' base pay increases are contingent upon their performance, often measured through performance appraisals.
Base Compensation
The initial salary or wage that an employee receives from an employer, not including bonuses, benefits, or any additional compensation.
Desirable Place
An area or location that is preferred by people for living, working, or recreation due to its favorable qualities and attributes.
Performance Measures
Quantifiable indicators used to assess how well an individual, group, or entity meets certain standards or achieves objectives over time.
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