Asked by
Olivia Munroe
on Dec 06, 2024
Verified
What is a disadvantage of a merit pay system?
A) It does not relate the rewards to economic conditions.
B) It cannot be used effectively with performance appraisals.
C) Comparative pay is not considered in its evaluation.
D) It does not provide rewards for performance in all the dimensions measured in the organization's performance management system.
E) It can quickly become expensive for the company.
Merit Pay System
A compensation strategy where employees receive pay increases based on their performance evaluations.
- Identify the traits of effectively structured compensation packages and their accordance with business objectives.
- Comprehend the effects that incentive strategies have on employee enthusiasm and corporate prosperity.
Verified Answer
BH
Learning Objectives
- Identify the traits of effectively structured compensation packages and their accordance with business objectives.
- Comprehend the effects that incentive strategies have on employee enthusiasm and corporate prosperity.
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