Effective Performance Management Systems Should Include Minimal Feedback and Employee

question 68

True/False

Effective performance management systems should include minimal feedback and employee coaching on an annual basis to enable staff to reach their objectives.

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Definitions:

Wage Incentive Plans

Compensation strategies designed to motivate employees by tying a portion of their pay directly to performance or productivity levels.

Pay Secrecy

A policy or practice where details about individual employee's salaries are not disclosed or are kept hidden.

Salaries

Periodic payments from an employer to an employee, usually as compensation for professional services rendered.

Merit Pay Plans

A company’s compensation strategy that rewards employees based on their performance and achievements rather than their job position or seniority.