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What are the steps involved in program development?
Merit Pay
A compensation strategy that rewards employees based on their performance and achievements, rather than on seniority or hours worked.
Disadvantages
The negative or less favorable aspects of a situation, decision, or condition.
Performance-Based Pay System
A compensation system where an employee's pay is based on their performance and achievements rather than a fixed salary.
Strategic Objectives
Goals set by an organization, designed to guide its long-term direction and ensure its growth, sustainability, and relevance in the market.
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