| Definition | Term |
|---|
| a specific amount of money paid for each hour of work? | |
| A specific amount of money paid for an employee's work during a set calender period, regardless of the actual number of hours worked? | |
| A payment that is a percentage of sales revenue? | |
| A payment in addition to wages, salary, or commission? | |
| An entire pay raise taken in one lump sum? | |
| The distribution of a percentage of a firm's profit among it's employees? | |
| A reward in addition to regular compensation that is provided indirectly to employees? | |
| Compensation plan whereby an employee receives a predetermined amount of benefit dollars to spend on a package of benefits he or she has selected to meet individual needs? | |
| The process of teaching operators and technical employees how to do their present jobs more effectively and efficiently? | |
| The process of preparing managers and other professionals to assume increased responibility in both present and future positions? | |
| The evalulation of employees' current and potential levels of performance to allow managers to make objective human resources decisions? | |
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