3 Traditional Bases for Pay

Seniority and Merit

Learning Objectives

When you finish studying this chapter, you should be able to:

  1. 1 Describe seniority and longevity pay practices.

  2. 2 Explain the merit pay approach to compensation.

  3. 3 Explore a variety of performance appraisal methods.

  4. 4 Discuss how compensation professionals can strengthen the pay-for-performance link.

  5. 5 Summarize the possible limitations of merit pay programs.

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If your professor has assigned this, go to the Assignments section of mymanagementlab.com to complete the Chapter Warm-Up! and see what you already know. After reading the chapter, you’ll have a chance to take ...

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