Asked by Sierra Summers on Jun 04, 2024
Verified
A particular organization wants to include in their compensation system some element of organizational performance linkage,while at the same time it wants to encourage employee commitment.In addition to base pay,what would most likely be included in this compensation mix?
A) merit pay
B) piece rates
C) profit sharing
D) targeted incentives
Organizational Performance Linkage
The connection between individual, team, or departmental performance and the overall success of an organization.
Compensation Mix
Compensation mix refers to the combination of different types of pay and benefits that an employer offers to its employees, including salaries, bonuses, stock options, and benefits.
Employee Commitment
The level of loyalty and dedication an employee feels towards their organization.
- Realize the criticality of connecting financial incentives with one's contributions and the aspirations of the organization.
- Determine the elements that influence the selection of fixed pay versus variable pay.
Verified Answer
Learning Objectives
- Realize the criticality of connecting financial incentives with one's contributions and the aspirations of the organization.
- Determine the elements that influence the selection of fixed pay versus variable pay.
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