Question: The compensation plan known as involves payments being based on some measure of organizational performance, and the payments do not become part of the base

The compensation plan known as involves payments being based on some measure of organizational performance, and the payments do not become part of the base salary.
merit pay
individual incentives
labor union
profit sharing
The compensation plan known as involves payments being based on some

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

The compensation plan known as Irvolves payments being based on some measure of orgeritationd performance, and the payments do not become part of the base salary. labor union profit sharing ment pay...

Q:

Do you agree with paying people for competencies and skills that are rarely required to use on the job? HRM2600 Human Resource Management Compensation and Benefits (Total Rewards) Agenda Definition...

Q:

Read the article and answer the following questions: 1. What are some alternatives to stock options? 2. Are stock options effective tools to drive employee performance? If yes, why and under what...

Q:

Chapter 9 Compensation and Incentives Diane Bigda/Photodisc/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Discuss various psychological...

Q:

ber81438_exr_001-068.qxd 8/11/09 7:38 PM Page 51 EXERCISE 10.3: D EVELOPING AN E MPLOYEE B ENEFITS P ROGRAM * Overview Chapter 10 provides an overview of types of employee benefits programs. The...

Q:

Erin is Yard and Shipping Supervisor for a Modular/Manufactured home company in Edmonton, Alberta. The company, in business for over 25 years, has a good reputation but does not have a formal quality...

Q:

Erin is Yard and Shipping Supervisor for a Modular/Manufactured home company in Edmonton, Alberta. The company, in business for over 25 years, has a good reputation but does not have a formal quality...

Q:

Erin is Yard and Shipping Supervisor for a Modular/Manufactured home company in Edmonton, Alberta. The company, in business for over 25 years, has a good reputation but does not have a formal quality...

Q:

Erin is Yard and Shipping Supervisor for a Modular/Manufactured home company in Edmonton, Alberta. The company, in business for over 25 years, has a good reputation but does not have a formal quality...

Q:

In the past, most reward systems have been geared to the individual employee. However, with the emergence of teams in most of todays organizations, systems are being revamped to reward teamwork. A...

Q:

A chemist has three different acid solutions. The first acid solution contains 15% acid, the second contains 35% and the third contains 75 %. They want to use all three solutions to obtain a mixture...

Q:

The equilibrium constant for the reaction Q R is 25. (a) If 50 M of Q is mixed with 50 M of R, which way will the reaction proceed: to generate more Q or more R? (b) Calculate the equilibrium...

Q:

Individuals are required to pay installments: A ) When net tax owing is over $ 3 , 0 0 0 for any one of the past two years B ) When net tax owing is over $ 3 , 0 0 0 for the current year and one of...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...