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Explain the elements of merit pay

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Reference no: EM132982381

Explain the below elements of Merit Pay? (one line for each point please no need to explain more only to the point)

  • Objective as well subjective performance
  • Workers' accomplishments
  • Meeting the quotas
  • Skills and abilities
  • Strong relationship between performance and raise
  • Funds must be available
  • Adjustment according to COL and inflation
  • Commitment of management
  • Job Design
  • Raise reflects the prior performance
  • There must be explicit performance standards

Reference no: EM132982381

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