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. ÂSolution
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.
- In the following question, a word has been given and used in three statements. You are supposed to identify which of the statements/s use/s the word correc...
In the following question, a word has been used in sentences in THREE different ways. Choose the option corresponding to the sentences in which the usa...
In each of the following questions, a word has been given and used in three statements. You are supposed to identify which of the statement/s use/s the...
Select the correctly spelt word.
Pernicious
In each of the following questions, a word has been given and used in three statements. You are supposed to identify which of the statement/s use/s the...
Principal
i. The school principal announced a new policy for student uniforms.
ii. He invested a large sum of money in...
In the question given below, a word has been given and there are three ways in which the word has been used, in similar or different forms. You need to...
Directions: In each question below, word is used in four different ways. Choose the option in which the usage of the word is INCORRECT or INAPPROPRIATE....
In the following question, a word has been given and there are three ways in which the word has been used, in similar or different forms. You need to s...
