Examlex
Define the essential elements of the Vienna Settlement. How successful was the agreement?
Scanlon Plan
A participative management approach focusing on employee involvement in improving productivity and sharing the resulting cost savings as bonuses.
Gain-Sharing
A performance-based compensation strategy where employees receive bonuses based on the company's savings or increased profitability due to their efforts.
Pay Secrecy
Policies or practices that restrict employees from sharing or discussing their salary information with others.
Merit Pay Plan
A compensation strategy that rewards employees based on their performance and achievements rather than their position or seniority.
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