Asked by Camille Abaya on Sep 24, 2024
Verified
Potential problems with incentive based compensation are
A) not evaluating the relevant performance measures
B) rewarding outcomes that are not included in the performance evaluation
C) not granting rewards for meeting performance measures
D) all of the above
Incentive Based Compensation
A form of payment designed to reward employees for achieving specific performance targets or objectives.
Performance Measures
Metrics or indicators used to evaluate and track the efficiency, effectiveness, and productivity of an organization, employee, or process.
Rewarding Outcomes
Benefits or positive results achieved from specific actions or decisions, often used to motivate behavior or assess the success of projects.
- Assess the components and impact of an effective incentive compensation strategy.
Verified Answer
Learning Objectives
- Assess the components and impact of an effective incentive compensation strategy.
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