According to a merit increase grid,one of the factors that determine the size and frequency of pay increases is the
A)company's annual output.
B)attrition rate in the company.
C)company's stock price.
D)recruitment ratio.
E)individual's performance rating.

Question

Quizplus · Accepted Answer

The size and frequency of pay increases are determined by various factors, but one of the most significant factors is an individual's performance rating. Merit increase grids are typically designed to allocate pay increases based on an employee's job performance, skills, and contributions. Therefore, the higher an employee's performance rating, the larger and more frequent their pay increase is likely to be. Other factors like company output, attrition rate, stock price, and recruitment ratio may have an indirect impact on pay increases, but they are not as directly linked to an individual's performance rating as E is.

According to a Merit Increase Grid,one of the Factors That