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The Up-Front Costs of Voluntary Separation Programs Include Retirement Buy-Outs

question 30

True/False

The up-front costs of voluntary separation programs include retirement buy-outs to induce more senior employees to leave.


Definitions:

Pay-for-Performance

A compensation strategy where employees' pay is based on their performance or achievements in their role.

Performance Evaluations

The process of assessing and reviewing an employee's job performance through documented evaluations and feedback.

360-Degree Feedback

A performance appraisal method where an employee is evaluated by feedback from superiors, peers, subordinates, and sometimes clients.

Bias

Prejudice in favor of or against one thing, person, or group compared with another, often in a way considered to be unfair.

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