An employee is entitled with monthly salary of TK. 50,000. The company has a policy to...

  

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An employee is entitled with monthly salary of TK. 50,000. The company has a policy to provide 10% yearly increment. If the performance of the employee and organizational performance are both excellent, what would be the employee awards according to merit- based pay plan? Please consider the following table to calculate the total increment in that year. The Employee's Performance Rating (Weight= The Company's Performance (Weight = 0.50) Outstanding Excellent Good Marginal Unacceptable 0.50) Outstanding 1.00 0.90 0.80 0.70 0.00 Excellent 0.90 0.70 0.60 Good Marginal Unacceptable 0.80 0.80 0.70 0.60 0.50 www 0.00 0.00 -- An employee is entitled with monthly salary of TK. 50,000. The company has a policy to provide 10% yearly increment. If the performance of the employee and organizational performance are both excellent, what would be the employee awards according to merit- based pay plan? Please consider the following table to calculate the total increment in that year. The Employee's Performance Rating (Weight= The Company's Performance (Weight = 0.50) Outstanding Excellent Good Marginal Unacceptable 0.50) Outstanding 1.00 0.90 0.80 0.70 0.00 Excellent 0.90 0.70 0.60 Good Marginal Unacceptable 0.80 0.80 0.70 0.60 0.50 www 0.00 0.00 --

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As per the information given in the question Employee performance rating is 050 whereas Orga... View the full answer