Asked by April Thompson on Jul 15, 2024
Verified
The link between employees' performance and pay is hardest to establish in
A) piece rate plans.
B) merit pay plans.
C) standard hour plans.
D) stock ownership plans.
E) Scanlon plans.
Link Performance Pay
A compensation strategy that ties salary or bonuses to the achievement of specific performance metrics or objectives.
Piece Rate Plans
Compensation systems where employees are paid based on the quantity of work completed or units produced, which can motivate higher productivity.
Merit Pay
A compensation strategy that provides salary increases or bonuses based on employee performance achievements.
- Comprehend the disadvantages associated with different types of incentive compensation, such as ownership of shares.
Verified Answer
Learning Objectives
- Comprehend the disadvantages associated with different types of incentive compensation, such as ownership of shares.
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