Examlex
Some critics argue that financial rewards discourage creativity and distract employees from the meaningfulness of the work itself.
Performance
The act of carrying out a task or the level of efficiency and effectiveness with which this task is completed.
Piece-rate Pay
A compensation system where workers are paid based on the quantity of items produced or tasks completed.
Merit Pay
A compensation strategy that rewards employees based on their performance or achievements, often measured through evaluations or achievement of set goals.
Bonus Pay
Additional compensation given to employees as a reward for achieving specific performance targets or for exceptional work.
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