Examlex
In Germany,workers review and influence management policies on a wide range of issues in coordinated workers' councils.This practice is known as:
Gain-Sharing Plan
A compensation strategy where employees receive bonuses based on the company's profits or improvements in performance, fostering a sense of ownership and teamwork.
Lump-Sum Increase
A one-time payment given to employees, typically in lieu of recurring pay raises, often based on performance.
Skill-Based Pay
A compensation strategy where employees are paid based on the number, depth, or complexity of skills and knowledge they can bring to their work, rather than their job title or position.
Job Assignment
The designation of particular work roles or activities to employees based on their skills, interests, and the needs of the organization.
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