Examlex
Communication is defined as "the transmission of information and meaning from one individual or group to another." The crucial element of this definition is
Merit Pay
Compensation added to an employee's base pay based on performance, aimed at rewarding excellence and encouraging high productivity.
Cost Of Living
The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare.
Performance
The level at which an individual, group, or system executes tasks and responsibilities, often measured against pre-set standards.
Graphic Rating Scales
A method used in performance appraisals where employees are scored on a continuum for various performance factors.
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