Asked by Maram Abdeljaber on Jul 11, 2024
Verified
Mark recently received an incentive for a special contribution not directly tied to a performance standard. What is this incentive called?
A) a piece rate plan
B) a spot bonus
C) a commission
D) a differential piece rate
Spot Bonus
An unplanned bonus given for employee effort unrelated to an established performance measure.
Performance Standard
The expected level of performance set by an organization against which employee output or accomplishments can be measured.
- Detect different compensation frameworks and incentive arrangements and their fitting uses.
Verified Answer
KG
Karen GreenJul 16, 2024
Final Answer :
B
Explanation :
A spot bonus is a one-time reward given to employees for exceptional performance or for special contributions that are not directly tied to standard performance metrics. It is not planned in advance and serves as immediate recognition of a specific achievement.
Learning Objectives
- Detect different compensation frameworks and incentive arrangements and their fitting uses.
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