Examlex
Common applications of convergence do not include which of the following?
Gainsharing
A reward system where employees receive financial benefits from improvements in the company’s performance, encouraging collaboration and efficiency.
Gainsharing
A compensation strategy where employees receive bonuses based on the savings or gains achieved by their performance improvements, fostering collaboration and efficiency.
Gainsharing
A performance-based compensation strategy where employees are rewarded for contributing to improved operational efficiency, leading to cost savings which are shared with employees.
Compa-Ratio
A metric that compares an employee's salary to the midpoint of a salary range for their position, used to gauge how competitively they are being compensated.
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