Examlex
A microinequity is
Individual Incentive Plan
Compensation strategy designed to reward employees based on their individual performance achievements.
Piecework
A payment method based on the amount of work completed rather than the time taken, frequently used in manufacturing and agriculture.
Variable Pay
A compensation strategy that ties employee pay directly to their performance or achievements, often including bonuses, commissions, and profit-sharing plans.
Competitiveness
The ability of a company or country to maintain and gain market share by producing goods or services more effectively than competitors.
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