Question
Which of the following statements regarding incentive
pay plans is most accurate? A.   Unlike merit pay plans, base pay is set at the market rate for incentive plans. B.   Maximum earning potential is usually greater with an incentive plan than a traditional merit plan. C.  Once earned, the incentive pay becomes part of the employee's base pay. D.  Maximum caps are used to keep incentive pay levels even with the industry pay level.Solution
Incentive pay rewards employees for achieving defined goals. The company sets performance objectives at the beginning of the pay period and if these are achieved, employees receive a lump-sum payment. Incentive pay plans can be based on the performance of the individual, team, business unit or company. Company-wide incentive pay schemes include gainsharing and profit sharing. The ability of an individual to influence the outcome of the incentive pay plan declines as the group being measured grows larger. However, team-based incentive pay plans offer advantages to companies.
Which interface determines how users interact with an operating system?
The Ravana Phadi Cave Temple is a significant rock-cut cave from the 6th century, associated with which dynasty's architecture?
India’s first “Physical National Yoga Asana Championships” has been organised in which state?
How many women participated in the synchronized Bathukamma performance that set a Guinness World Record?
Where are the headquarters of the World Trade Organisation?
Who is named as new President of the International Fund for Agricultural Development (IFAD)?
Which satellite has Iran recently launched into orbit using the satellite carrier Qassed?
Which of the following regulatory body recently launch a revamped grievance redressal mechanism with the option of customers filing their complaints in ...
How many construction workers received ₹5,000 assistance on Vishwakarma Puja under Bihar’s welfare measures?
Where is the headquarters of Moody’s Investors Service?
