Giving an Employee a Pay Increase Based on How Well

question 18

Multiple Choice

Giving an employee a pay increase based on how well they have performed over the course of the last evaluation period is known as a:

• A) COLA.
• B) commission.
• C) variable pay.
• D) merit increase.
• E) skill-based pay plan.

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Definitions:

Impoverishment

The condition of being poor or lacking the necessary means of subsistence and financial resources.

Adaptation

A series of beneficial adjustments to a particular environment.

Capacity

The ability or potential a system, person, or organization has to perform, produce, contain, or withstand something.

Prestige Economies

Economic systems where the accumulation and display of wealth is not for personal consumption but to gain status and power within a community.