Asked by Mini reddy on Sep 23, 2024
Verified
Besides merit pay, two other types of performance-based pay are:
A) retained earnings and reinvested pay
B) incentive pay and 401K plans
C) earnings at risk and protected earnings
D) earnings at risk and incentive pay
E) incentive pay and retained earnings
Earnings At Risk
Potential future losses in wages or salary due to various risk factors, including economic downturns, organizational changes, or personal performance issues.
Incentive Pay
Additional compensation awarded to employees for achieving specific goals, exceeding performance targets, or exceptional work.
Merit Pay
A pay increase given to employees based on their job performance, used as a motivational strategy by employers.
- Discern the assortment of performance-based salary models and their fit for assorted organizational contexts.
Verified Answer
Learning Objectives
- Discern the assortment of performance-based salary models and their fit for assorted organizational contexts.
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