Examlex
_________ power is drawn from having a special expertise that is needed or valued in an organization.
Fixed Formula
A predetermined method or calculation used to determine allocations, such as budget distributions or compensation adjustments, based on set criteria.
Profit-sharing Plans
A type of incentive plan that distributes a portion of an organization's profits to its employees, linking compensation to the company's financial performance.
Designing
The act of creating, planning, and executing a plan or structure for a project, system, or object with specific objectives in mind.
Nonmonetary Reward Plan
A scheme that recognizes and rewards employees through means other than financial compensation, such as recognition or flexible work hours.
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