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Group Bonus
A performance-related compensation paid to a group of employees when the group collectively meets or exceeds its targets or objectives.
Merit Pay
A compensation approach that rewards employees based on their performance assessment and achievements, aiming to boost productivity.
Balanced Scorecard
A strategic planning and management system that organizations use to align business activities to their vision and strategy by monitoring performance across four perspectives: financial, customer, internal processes, and learning and growth.
Performance Measures
Metrics used to evaluate the efficiency and effectiveness of actions or performances within an organization.
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