Examlex
The rate at which an event occurs in a given population is called the _____ rate.
Profit Sharing
A company policy where employees receive a share of the company's profits beyond their regular pay, serving as an incentive and reward.
Gainsharing
A type of incentive plan where employees receive bonuses based on the cost-saving or performance improvements they help achieve for the company.
Merit Pay
A compensation strategy that links pay increases to performance appraisal ratings.
Group Bonus
A type of incentive pay awarded to a team or group of employees for achieving specific goals or metrics.
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