Asked by Gabriel Matar on Jul 03, 2024
Verified
When the strategic goal is growth, it is reasonable to reward employees for achieving growth targets.
Strategic Goal
A long-term, broad aim that an organization seeks to achieve in order to realize its mission and vision.
Growth Targets
Specific objectives set by a business or organization aiming for a certain level of expansion or development within a given timeframe.
- Acquire knowledge about the essentials and obligations of instituting a compensation based on performance framework.
- Explore the fundamental targets of incentive payment structures in luring, retaining, motivating, and providing rewards to employees.
Verified Answer
ST
Simone TamboriniJul 09, 2024
Final Answer :
True
Explanation :
Rewarding employees for achieving growth targets is a common practice when the strategic goal is growth. This can incentivize employees to work harder and smarter to achieve the growth targets set by the organization. However, it is important to ensure that the growth targets set are realistic and achievable, and that the reward structure is fair and transparent.
Learning Objectives
- Acquire knowledge about the essentials and obligations of instituting a compensation based on performance framework.
- Explore the fundamental targets of incentive payment structures in luring, retaining, motivating, and providing rewards to employees.
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