Asked by David Garcia on May 26, 2024
Verified
Which of the following best describes the term "reward strategy"?
A) the means through which performance bonuses are paid
B) the mix of rewards provided to organization members
C) the means for recognizing outstanding achievement
D) the means for identifying the key contextual variables for an organization
Performance Bonuses
Additional financial rewards given to employees for achieving specific performance targets or exceptional work contributions.
Rewards Provided
The various forms of benefits, compensation, and recognition given to employees in acknowledgment of their work performance and contributions.
- Acquire knowledge on the preliminary measures and tactics for developing a compensation plan.
Verified Answer
RR
Rameela RatnavarathanMay 30, 2024
Final Answer :
B
Explanation :
A reward strategy refers to the overall set of incentives, benefits, and recognition programs designed to reward and motivate employees for their contributions to an organization. It encompasses a variety of rewards beyond just performance bonuses, such as promotions, flexible work arrangements, and non-monetary recognition programs.
Learning Objectives
- Acquire knowledge on the preliminary measures and tactics for developing a compensation plan.
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