Examlex
After a year in your first public relations position, you return home for a family visit. At dinner, your mother still seems to be unclear about what your job entails and the typical tasks that you perform during an average week. How do you explain this to her?
Profit Sharing Plan
A benefit plan where employees receive a portion of the company's profits, typically in the form of annual bonuses, aligning their interests with the financial success of the organization.
Piece Rate
A pay plan in which workers are paid a fixed sum for each unit of production completed.
Individual-Level
Pertaining to or focusing on actions, reactions, or impacts on a single person, as opposed to groups or organizations.
Merit Pay
A pay plan consisting of a pay rise which is linked directly to performance.
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