________ provides a method for rewarding performance in all of the dimensions measured in the organization's performance management system.
A) Differential piece rate
B) Standard hour plan
C) Merit pay
D) Piece rate
E) Commission

Question

Quizplus · Accepted Answer

Merit pay is a compensation strategy that rewards employees based on their performance in all the dimensions of the organization's performance management system. This system encourages employees to give their best efforts and improve their performances. The merit pay system can be applied to both individual employees and teams. The reward amount is usually given in percentage form, and it may be permanent or temporary.

________ Provides a Method for Rewarding Performance in All of the Dimensions