Asked by Christian Broussard on Jul 27, 2024
Verified
One philosophy of incentive systems is that tying compensation to employee effort will improve employee performance.
Incentive Systems
Programs designed to motivate and reward employees for reaching or exceeding performance targets.
Employee Performance
The measurement of an employee's work effectiveness and efficiency according to predefined criteria set by the employer.
- Describe various incentive schemes and their effectiveness in motivating employees.
Verified Answer
PN
Princess NessaAug 01, 2024
Final Answer :
True
Explanation :
This philosophy is based on the principle that if employees know their compensation is directly linked to their effort and performance, they will be more motivated to work harder and more efficiently, leading to improved performance.
Learning Objectives
- Describe various incentive schemes and their effectiveness in motivating employees.
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