Examlex
You are trying to reduce gender prejudice at your college. Which of the following strategies is expected to be the most effective? Having ________.
Merit Pay Plans
Compensation strategies that provide financial rewards to employees based on their performance achievements, aiming to motivate and retain talent.
Conventional Merit Pay
A traditional form of compensation where employees are rewarded based on their performance and achievements, typically evaluated through annual reviews.
One-Time Payment
A single, non-recurring payment made for a specific purpose or event.
Scanlon Plan
A gainsharing program designed to encourage collaboration among workers to increase productivity, with benefits shared among employees and management.
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