Examlex
Provide simple definitions that distinguish segregation and independent assortment.
Skill-Based Pay
A compensation system where pay levels are determined by an individual's skills or knowledge levels, rather than job title or position.
Scanlon Plans
Employee incentive programs focused on cost saving and efficiency, sharing the resulting financial gains with employees.
Profit-Sharing Programs
A company policy where employees receive a share of the firm's profits, typically as a portion of their compensation.
Reward Motivation
The drive to engage in activities that are expected to yield positive outcomes or rewards.
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