Asked by Aaron Morris on Jul 07, 2024
Verified
Kotochi and Sons, a marketing company, has implemented a few incentive plans to motivate its employees. The organization encourages employees to learn new skills and cooperate with others. Which condition will contribute to employees' feeling that the organization's incentive pay plans are fair and something to pursue?
A) Employees must be able to understand the requirements of the incentive pay plan.
B) Equal incentives should be offered to all the employees of the organization.
C) Employees must be the key decision makers when creating incentive pay plans.
D) The company should not inform the employees about incentive plan changes.
E) Employees should make decisions that are only in favor of their interests.
Incentive Plans
Programs designed to motivate and reward employees for exceeding performance goals or benchmarks.
Learning New Skills
The process of acquiring new abilities or knowledge that can enhance an individual's proficiency or capacity to perform.
Equal Incentives
Involves providing the same rewards or bonuses to all employees or members of a group to ensure fairness and motivation across the board.
- Acknowledge the significance of staff comprehension and involvement in the achievement of incentive schemes.
Verified Answer
Learning Objectives
- Acknowledge the significance of staff comprehension and involvement in the achievement of incentive schemes.
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