Examlex
One of the disadvantages of PCR is that it requires large amounts of starting material.
Piece Rate Systems
Compensation methods where employees are paid a fixed sum for each unit of production completed.
Base Pay
The initial rate of compensation that an employee receives in exchange for services. It excludes extra lump sum compensation or increases in the rate of pay for overtime or premium pay.
Merit Pay
Compensation increase awarded based on individual performance evaluation.
Individual Performance
The measure of the efficiency and effectiveness of an employee's work activities and outputs.
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