Asked by
Wendy Licona
on Nov 22, 2024
Verified
A pay plan that rewards employees for good performance in addition to their base salary is considered which type of individual-level performance-based pay?
A) merit
B) piece rate
C) bonus
D) benefit
Base Salary
The initial rate of compensation that an employee receives not including bonuses, benefits, or any additional pay.
Individual-level Performance-based
Relates to assessment or evaluation mechanisms focused on the output or achievements of a single person.
Merit
The quality of being particularly good or worthy, especially so as to deserve praise or reward.
- Understand the advantages and drawbacks of performance-based and skill-based compensation structures.
- Understand the mechanisms and efficacy of performance pay plans for individuals and teams.
Verified Answer
LT
Learning Objectives
- Understand the advantages and drawbacks of performance-based and skill-based compensation structures.
- Understand the mechanisms and efficacy of performance pay plans for individuals and teams.
Related questions
Which Term Below Is One of the Types of Team ...
Which of the Following Statements Is NOT Correct with Regard ...
Skill-Based Pay Plans Reward People __________ ...
Which of the Following Is an Organizational-Level Pay Performance Plan ...
Sales Commissions Are Usually Appropriate in Situations Where Individual Sales ...