Types of Pay

    Cards (4)

    • Merit pay system - is a system where employees are rewarded based on their individual performance.
      (No Motivation by supervisor/ manager)
    • Pay-for-performance - initiatives typically provide guidelines that explain what behaviors or performance evaluation results lead to increased pay.
      (Includes Motivation)
      Also called earnings-at-risk (EAR) plans
    • Supplemental pay - is monetary compensation given to the employee in addition to their regular base salary.
      (In addition to thier current salary)
    • Severance pay - is the compensation and/or benefits an employer provides to an employee after employment is over.
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