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Employee's Performance
The job activities and outcomes that an employee accomplishes in accordance to the expectations and standards of the organization.
Individual Incentive Plan
A compensatory strategy intended to boost individual employee performance through specific rewards.
Piecework
A payment structure where employees are paid a fixed rate for each unit of work completed, rather than by hourly wages.
Profit-Sharing Plans
Employee benefit plans under which a company shares a portion of its profits with its employees, usually distributed based on set criteria such as seniority or salary level.
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