Asked by neeranjali kallydeen on Jul 03, 2024
Verified
By paying for performance, a company signals that it is interested in employees who want to be paid for good performance.
Paying For Performance
A compensation strategy that rewards employees based on their job performance, often with bonuses or other incentives.
Good Performance
The act of achieving or exceeding the set standards of tasks or goals in a workplace or educational setting.
- Absorb the foundational elements and needs for putting into practice a system that compensates based on performance outcomes.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
True
Explanation :
By offering pay for performance, a company is indicating to employees that they value and reward high quality work. This can attract workers who are motivated to do their best and be rewarded accordingly.
Learning Objectives
- Absorb the foundational elements and needs for putting into practice a system that compensates based on performance outcomes.
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