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What would be an example of payExamples include spot bonuses (where employees are rewarded “on the spot” for achievements that deserve special recognition), project bonuses (where employees are rewarded for successful completion of a project), and retention bonuses (usually awarded to long-tenured employees to encourage retention).
What is performance related pay quizlet?performance based pay. recognizes that people working in the same job can differ greatly in terms of the value they contribute to the organization, and it seeks to provide employees with an incentive for maximizing the value they contribute. piecework plan.
What are the advantages of payIs performance-based pay effective? It can be an effective way to motivate your employees and reward them for being more productive. The advantages include increased employee retention, better recruiting, and higher performance.
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