Asked by Elizabeth Jimenez on Sep 24, 2024
Verified
Examples of incentive pay include
A) commission sales
B) providing onsite parking for employees
C) cleaning the worksite with weekly janitorial service
D) offering a certain number of sick days
Incentive Pay
Compensation designed to reward employees for achieving certain performance targets or objectives, aiming to boost productivity and outcomes.
Commission Sales
A payment model where sales personnel receive compensation based on the amount or value of products or services they sell.
Onsite Parking
Parking facilities located on the premises of a venue, often for the convenience of visitors or employees.
- Acquire insight into the function of incentive compensation in controlling agent actions.
Verified Answer
KC
Kanchan Chaudharyabout 19 hours ago
Final Answer :
A
Explanation :
Incentive pay is designed to motivate employees to work harder or perform better by providing financial rewards for meeting certain performance goals. Commission sales is a classic example of incentive pay, where employees earn a percentage of the sales they generate. This motivates them to sell more, which benefits the company and the employee. Providing onsite parking, cleaning the worksite, and offering sick days are not examples of incentive pay as they do not directly tie rewards to performance.
Learning Objectives
- Acquire insight into the function of incentive compensation in controlling agent actions.