Examlex
The following is true about Erikson's stage entitled "initiative versus guilt":
Lump-Sum Merit Raises
A one-time payment given to an employee as a reward for exceptional performance, instead of a regular salary increase.
Merit-Based Increase
Salary increases awarded to employees based on their performance, achievement, or accomplishments rather than tenure or seniority.
Merit Raises
Salary increases based on an employee's performance as assessed through evaluations, rewarding good work.
Performance Appraisal System
A systematic process by which an employee's job performance and productivity are evaluated by their supervisor or manager.
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