Asked by Karmel Abdeljalil on Jul 05, 2024
Verified
Research on financial incentives and pay-for-performance plans have found that they
A) increase performance but have no effect on turnover.
B) increase performance and lower turnover.
C) lower performance and lower turnover.
D) lower performance and increase turnover.
E) have no effect on performance or turnover.
Financial Incentives
Monetary or fiscal rewards given to employees or teams to motivate performance and achieve desired outcomes.
Pay-for-Performance Plans
Compensation strategies where employees' pay is based on their performance or achievements.
Performance
The execution and completion of tasks and the accomplishment of goals in a given timeframe, often evaluated against a set of standards.
- Understand the effects of financial rewards and merit pay on the rate of employee departure and work outcome.
Verified Answer
Learning Objectives
- Understand the effects of financial rewards and merit pay on the rate of employee departure and work outcome.
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