Asked by Jennifer Osuna on Sep 27, 2024
The concept of team-based incentive pay has been slow to take hold in the U.S. because it goes against the grain of an individualistic culture.
Team-Based Incentive Pay
A compensation strategy that rewards a group or team of employees for reaching specific goals or performance metrics.
Individualistic Culture
a culture that emphasizes personal goals and rights above those of the collective, with a focus on individual achievement and freedom.
- Explain the effect of compensation plans, including incentive pay and benefits, on employee motivation.
Learning Objectives
- Explain the effect of compensation plans, including incentive pay and benefits, on employee motivation.