Asked by Sulema Benavides on Jul 21, 2024
Verified
______ is a financial incentive awarded to employees for meeting certain goals or objectives.
A) Skill-based pay
B) Job content-based pay
C) Performance-based pay
D) Seniority-based pay
Financial Incentive
Monetary rewards offered to individuals or groups to encourage desired behaviors or achieve specific performance targets.
Goals
Objectives or desired results that an individual or organization aims to achieve.
Objectives
Specific, measurable goals set by an individual or organization to achieve in a defined timeframe.
- Grasp the benefits and limitations of performance-based and skill-based pay models.
Verified Answer
GN
Gabby NicolJul 23, 2024
Final Answer :
C
Explanation :
Performance-based pay is a financial incentive awarded to employees for meeting or exceeding specific goals or objectives, aligning their compensation with their performance.
Learning Objectives
- Grasp the benefits and limitations of performance-based and skill-based pay models.
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