Examlex
According to the competency (trait) perspective of leadership:
Base Pay
The initial rate of compensation that an employee receives in exchange for services. It excludes extra lump sum compensation or increases in the rate of pay for overtime or premium pay.
Merit Pay
Compensation increase awarded based on individual performance evaluation.
Individual Performance
The measure of the efficiency and effectiveness of an employee's work activities and outputs.
Sales Commissions
A compensation method in which sales professionals are paid a percentage of the sales they generate.
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