Asked by Jacob Lovins on Jul 05, 2024
Verified
If employee participation in making pay-related decisions is encouraged in an organization, then
A) administering the plans becomes simple.
B) the organization's interests can be best protected.
C) the cost borne by the organization decreases.
D) monitoring performance becomes difficult.
E) the incentive plan has more chances of being successful.
Employee Participation
Involvement of employees in the decision-making processes of an organization, aiming to increase engagement and morale.
Pay-Related Decisions
Choices made by employers regarding compensation, including wages, salaries, bonuses, and benefits, directly affecting employee remuneration.
Incentive Plan
A program designed by organizations to motivate and reward employees for reaching specific performance targets.
- Recognize the importance of employee understanding and participation in the success of incentive plans.
Verified Answer
Learning Objectives
- Recognize the importance of employee understanding and participation in the success of incentive plans.
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