Examlex
When the government enacts policies to make the distribution of income more equitable,it distorts incentives,alters behaviour,and makes the allocation of resources less efficient.
Appraisals
The process of evaluating an employee's performance, typically conducted on a regular basis to determine the suitability for promotion or pay raises.
Multisource
This refers to obtaining information or feedback from multiple sources, often used in the context of performance appraisals to gather a comprehensive view.
360-Degree Feedback
A feedback process where an employee receives anonymous feedback from multiple sources, such as supervisors, peers, and subordinates, often including self-assessment.
Merit Pay
A pay increase awarded to employees based on their job performance as an incentive to motivate high achievement and productivity.
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