Answers
A financial reward given to employees in addition to their normal wage or salary, often for achieving a specific target or exceptional performance.
Unstructured, casual learning experiences that occur naturally in the workplace.
A formal assessment in which the work performance of an employee is documented and evaluated, often leading to feedback and the setting of new performance goals.
Financial compensation for employment, including salaries, wages, bonuses, and commissions.
A form of payment to an employee or agent for services rendered, usually a percentage of the sales they have made.
The process of establishing specific, measurable, achievable, relevant, and time-bound goals that both guide employee behavior and help measure their performance.
The advancement of an employee's rank or position in an organizational hierarchy system.
The process of making a job more rewarding, challenging, and interesting by adding more meaningful tasks to the employee's role.
Structured, organized training programs often leading to certification or a formal qualification.
The process that initiates, guides, and maintains goal-oriented behaviors, inspiring employees to commit to their work and achieve their objectives.
The process by which individuals take the initiative, with or without the help of others, to diagnose their learning needs, formulate learning goals, identify resources for learning, choose and implement learning strategies, and evaluate learning outcomes.
Additional benefits supplementing an employee's salary, which could include a company car, health insurance, pension plans, etc.
The degree to which a job provides an employee with the discretion and independence to schedule their work and determine how it is done.
A strategy where employees rotate between different jobs at the same company to learn different skills and gain a broader understanding of the business.
Continuous training and education of employees throughout their tenure with an organization to keep their skills and knowledge up to date.
