In the context of performance-based rewards, the most general form of a merit-pay plan is to:
A) contribute some portion of the company's profits to a profit-sharing pool.
B) share the cost savings from productivity improvements with employees.
C) provide annual salary increases to employees based on the relative value of their contributions to their organization.
D) reward the individual performance of employees on a real-time basis rather than by increasing their base salary at the end of a fiscal year.

Question

Quizplus · Accepted Answer

Merit-pay plans typically involve providing annual salary increases to employees based on their performance or the value of their contributions to the organization. This is a direct way to reward individuals for their efforts and achievements over a specific period, usually evaluated on an annual basis.

In the Context of Performance-Based Rewards, the Most General Form