Examlex
Identify and state the historical significance of the following:
-U.S. Forest Service
Merit Pay
A pay increase given to employees based on their performance, as a reward for achieving specific goals or outstanding work.
Lump Sums
A one-time payment for a sum of money, rather than a series of payments over time.
Raises
An increase in salary or wages, typically awarded to an employee based on performance, market adjustments, or as part of a promotion.
Merit Pay
A compensation strategy that rewards employees based on their performance and achievements, rather than on seniority or hours worked.
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