Asked by stefanie gacho on May 18, 2024
Verified
Bonuses are generally awarded every paycheck throughout the year if performance standards are continually exceeded.
Performance Standards
Benchmarks or expectations for the behavior, outcomes, or performance of a employees or systems, used to evaluate effectiveness.
Bonuses
Additional pay given to employees on top of their regular salary, often as a reward for performance or for special occasions.
- Understand the principles of determining wage rates and the importance of rewarding employees appropriately.
Verified Answer
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Alyssa DanielleMay 19, 2024
Final Answer :
False
Explanation :
Bonuses are typically awarded on a less frequent basis, such as annually or quarterly, rather than with every paycheck, and are contingent upon meeting or exceeding specific performance standards.
Learning Objectives
- Understand the principles of determining wage rates and the importance of rewarding employees appropriately.