Asked by Aaron Morris on Jul 07, 2024

verifed

Verified

Kotochi and Sons, a marketing company, has implemented a few incentive plans to motivate its employees. The organization encourages employees to learn new skills and cooperate with others. Which condition will contribute to employees' feeling that the organization's incentive pay plans are fair and something to pursue?

A) Employees must be able to understand the requirements of the incentive pay plan.
B) Equal incentives should be offered to all the employees of the organization.
C) Employees must be the key decision makers when creating incentive pay plans.
D) The company should not inform the employees about incentive plan changes.
E) Employees should make decisions that are only in favor of their interests.

Incentive Plans

Programs designed to motivate and reward employees for exceeding performance goals or benchmarks.

Learning New Skills

The process of acquiring new abilities or knowledge that can enhance an individual's proficiency or capacity to perform.

Equal Incentives

Involves providing the same rewards or bonuses to all employees or members of a group to ensure fairness and motivation across the board.

  • Acknowledge the significance of staff comprehension and involvement in the achievement of incentive schemes.
verifed

Verified Answer

SK
Sebasteena KagitJul 12, 2024
Final Answer :
A
Explanation :
For employees to perceive incentive pay plans as fair and worth pursuing, they must be able to understand the requirements and criteria for earning the incentives. If the requirements are unclear or opaque, employees may perceive the system as arbitrary or unfair.