Asked by Kimberly Sloan on Sep 24, 2024

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​An incentive compensation scheme includes

A) ​a performance evaluation system
B) a disciplinary action committee
C) a reward system linked to performance
D) ​Both A&C

Incentive Compensation Scheme

A strategy used by businesses to motivate and reward employees beyond regular pay to improve company performance.

Performance Evaluation

A process of assessing how effectively an individual, system, or organization meets its objectives.

Reward System

A structured program designed to recognize and reward desired behaviors or achievements, often used in organizational settings.

  • Analyze the elements and efficacy of a successfully implemented incentive compensation program.
  • Catalog examples of performance-based pay and apprehend their utility in motivating staff members.
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HW
Hannah Wonderfulkind2 days ago
Final Answer :
D
Explanation :
An incentive compensation scheme typically includes both a performance evaluation system and a reward system linked to performance. The performance evaluation system is used to assess an individual's performance and determine whether they have achieved their goals or objectives. The reward system is designed to motivate individuals to achieve their goals by offering them financial incentives or other rewards for reaching certain milestones or benchmarks. A disciplinary action committee may be a component of an overall compensation scheme, but it is not typically included in an incentive compensation scheme.