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What is economic feasibility?
Deferred Profit-Sharing Plans
A type of retirement plan in which employees receive a share of the company's profits at a later date, usually upon retirement.
Merit Raises
Salary increases awarded to employees based on their job performance, often evaluated through performance appraisals.
Merit Bonuses
Financial rewards given to employees based on their performance and achievements, typically as a way to incentivize high-quality work.
Performance Appraisal System
The formal mechanism through which employee performance is assessed, feedback is provided, and development goals are set.
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