Asked by Jayesh Reesaul on Jun 28, 2024
Verified
For performance based-reward systems to work,leaders need to link rewards to performance and set a measurement system in place that measures the behaviors that lead to effectiveness.
Performance Based-Reward Systems
Compensation systems that tie rewards directly to individual, team, or organizational performance outcomes.
Measurement System
Refers to a set of instruments, standards, and procedures used to quantify physical quantities, properties, or phenomena.
- Scrutinize the consequence of reward systems based on performance on the actions of workers.
- Recognize the crucial role of correlating bonuses with employee outcomes and the success of the enterprise.
Verified Answer
CB
Crystal BernerJun 30, 2024
Final Answer :
True
Explanation :
Performance based-reward systems can only be effective if rewards are linked to actual performance and a clear measurement system is established to track the behaviors that lead to success. Without this, the reward system may become arbitrary and ineffective in motivating employees to improve their performance.
Learning Objectives
- Scrutinize the consequence of reward systems based on performance on the actions of workers.
- Recognize the crucial role of correlating bonuses with employee outcomes and the success of the enterprise.
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