Examlex
The four models of cultural interaction are: clash of civilizations, McDonaldization, hybridization, and localization.
ESOP
Employee Stock Ownership Plan, a program that provides company stock to employees as part of their compensation.
Gain-Sharing Plan
A compensation strategy where employees receive bonuses based on the company's profits or improvements in performance, fostering a sense of ownership and teamwork.
Lump-Sum Increase
A one-time payment given to employees, typically in lieu of recurring pay raises, often based on performance.
Skill-Based Pay
A compensation strategy where employees are paid based on the number, depth, or complexity of skills and knowledge they can bring to their work, rather than their job title or position.
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