Question: Which statement about performance pay is correct? Group of answer choices It is required by labor laws in most countries. Employers use it in hopes
Which statement about performance pay is correct?
Group of answer choices
It is required by labor laws in most countries.
Employers use it in hopes that it will influence worker behavior in ways that benefit the firm.
It induces incentive effects that increase productivity but sorting effects that hurt talent management.
It is inadvisable as part of a compensation package because it hurts productivity by crowding out intrinsic motivation.
It increases retention, but unfortunately the lowerproductivity workers are most likely to be retained.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
