Examlex
Instructions: Identify the following term(s).
Hebrews and Israelites
Merit Raises
An increase in salary based on an employee's performance, often determined through evaluations, recognising their contributions and achievements.
Performance Declines
A decrease in the efficiency, productivity, or output quality of an individual or organization over time.
Incentive Plans
Compensation strategies designed to motivate employees by linking a portion of their pay to individual or organizational performance.
Labour Costs
The total expenditure by businesses on employee compensation, including wages, salaries, and benefits.
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