Examlex
Which technique is often used by organizations to test whether high-potential employees have management potential?
Merit Pay System
A merit pay system is a compensation approach where employees are rewarded based on their performance and achievements, typically assessed through performance evaluations.
Bonus Pay Plans
Compensation methods that reward employees with extra pay based on performance, successful achievement of objectives, or company profitability.
Performance Targets
Specific goals set by a company or an individual to measure the level of success or efficiency in completing tasks or objectives.
Merit Pay Systems
Compensation strategies where employees' base pay increases are contingent upon their performance, often measured through performance appraisals.
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