Asked by Mini reddy on Sep 23, 2024

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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.
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sachin patel4 days ago
Final Answer :
D
Explanation :
The two other types of performance-based pay, besides merit pay, are earnings at risk and incentive pay. Earnings at risk is pay that is tied to an employee's performance and is subject to being reduced or being eliminated if the employee does not meet the required performance criteria. Incentive pay is pay that is tied to achieving certain performance goals, such as increasing sales or reducing costs. Both of these types of pay are designed to motivate employees to perform at their best and reward them for their successes.