Question

1. What is merit pay? Do you think it's a good idea to award employees merit...

1. What is merit pay? Do you think it's a good idea to award employees merit raises? Why or Why not?

Homework Answers

Answer #1

What is merit pay

  • It is  pay-for-performance
  • It is defined as a raise in pay based on a set of criteria set by the employer
  • It is paid on the basis of the achievement of targets by an individual
  • It  involves the employer conducting a review meeting with the employee to discuss the employee's work performance during a certain time period.

Do you think it's a good idea to award employees merit raises? Why or Why not?

Yes, it's a good idea to award employees merit raises, because-

  • Employees work hard for an year to deserve merit pay
  • Merit pay is purely based on performance, so the achiever gets it
  • Employees feel motivated by merit pay
  • Merit pay ensure a high productivity in company
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
do you think it is a good idea for citizens of Lone pine to privatize sanitation...
do you think it is a good idea for citizens of Lone pine to privatize sanitation services? why or why not?
It's often suggested that it's a good idea to carry an interview first aid kit with...
It's often suggested that it's a good idea to carry an interview first aid kit with you at all times. Why? What might you put into such a kit?
Do you think the recently approved new PCAOB Auditor's Reporting Model. is a good idea? Why...
Do you think the recently approved new PCAOB Auditor's Reporting Model. is a good idea? Why or why not
Do you think the recently approved new PCAOB Auditor's Reporting Model is a good idea? Why...
Do you think the recently approved new PCAOB Auditor's Reporting Model is a good idea? Why or why not?
Do you think it will be a good idea for employers to use personality tests with...
Do you think it will be a good idea for employers to use personality tests with good validity such as HPI for their selection process? Or do you think personality tests should not be part of the selection process regardless which personality test is being used?
Do you think conservation triage is a good or bad idea? Explain. Of the three triage...
Do you think conservation triage is a good or bad idea? Explain. Of the three triage strategies that you read about (“function first”, “evolution first”, and “hotspots”), which do you “like” the best? Explain.
1) Why do you think it's important for a person to at least know basic statistical...
1) Why do you think it's important for a person to at least know basic statistical concepts?
What do you think of the idea that markets are efficient? Do the necessary assumptions seem...
What do you think of the idea that markets are efficient? Do the necessary assumptions seem realistic to you?
Do you think training NAs to do more tasks, and having less nurses is a good...
Do you think training NAs to do more tasks, and having less nurses is a good idea to save money.
Referring to specific details from "The Empathy Deficit" by Keith O'Brien, do you think it's fair...
Referring to specific details from "The Empathy Deficit" by Keith O'Brien, do you think it's fair to characterize young people today as empathy challenged? Why or why not? If so, what factors do you think contribute to this condition?