Cite Three Reasons for and Three Reasons Against Merit Pay

question 16

Essay

Cite three reasons for and three reasons against merit pay based on student performance.  Explain each reason thoroughly.

---

Definitions:

Compensation Budgeting

The process of allocating and managing financial resources meant for employee salaries, bonuses, benefits, and other forms of compensation.

Budgeted Amount

The estimated financial spending for specific purposes or projects as planned in a budget over a set period.

Employee Satisfaction

A measure of how content and fulfilled employees feel within their job roles and work environment.

Compensation System

An organized approach utilized by companies to pay and reward employees for their contributions, including salary, wages, bonuses, and benefits.