What is a merit based pay plan?
Pay Plans
Answer the following questions:
What Is a Merit Based pay plan? Are there different types of Merit Based Pay Plans? Explain in detail
What is an Incentive Based Pay Plan? Are there different types of Incentive Based Pay Plans? Explain in detail
What are the similarties and differences between a Merit Based Pay Plan and a Incentive Based Pay Plan?
What are the Pros and Cons of Merit Based Plan?
What are the Pros and Cons of Incentive Based Pay Plan?
If you are the HR manager at a company, explain which pay plan, Merit Based or Incentive Base, would you chose for the company. Why would you choose that pay plan?
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