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To Be Effective, All Managers Need an Equal Balance of Technical

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To be effective, all managers need an equal balance of technical, human, and conceptual skills.


Definitions:

Rewards

Incentives or benefits provided to individuals or groups as recognition for their achievements, effort, or behavior, aimed at motivating continued performance.

Merit Pay System

A compensation strategy that rewards employees based on their job performance, typically involving evaluations and performance metrics to determine pay increases.

Pay Increases

Adjustments to salary or wages to enhance an employee's compensation.

Performance Contributions

The measurable output or results produced by an employee that contribute to the organization's objectives.

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