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aaliyah harvey
on Nov 06, 2024

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Which of the following is a group-based incentive system?

A) A knowledge-based pay plan
B) A skill-based pay plan
C) A stock-purchase plan
D) A piece-rate incentive plan

Group-based Incentive System

A reward system where incentives are given to a group of employees based on their collective performance.

Knowledge-based Pay Plan

A compensation strategy where employees are paid based on their skills, knowledge, and abilities, rather than their job title or position.

  • Distinguish between the characteristics of individual and group incentive schemes and their efficacy.
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Mailee CertezaNov 08, 2024
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