This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Identify and explain different forms of individual pay-for-performance plans. What will be an ... (Read 26 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jul 7, 2018
Identify and explain different forms of individual pay-for-performance plans.
 
  What will be an ideal response?

Question 2

What are some alternatives to individually-based pay-for-performance?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 7, 2018
Answer to Question 1

- Piece rate: Employee earns all or part of a wage based on number of units produced.
- Commission: Salesperson earns all or part of a wage based on number of units sold.

Merit pay: Employee earns raise to base wage based on performance evaluation.

Bonus: Employee earns extra payment based on performance.

Answer to Question 2

In team-based pay-for-performance plans, teams can share a performance bonus equally or allocate to individual members based on an evaluation of their contribution. Team-based bonuses enhance team performance, although the effect is relatively weak. A
caveat is in order, however. Team-level bonuses can hurt collaboration among and between teams.


piesebel

  • Member
  • Posts: 565
Reply 2 on: Jul 7, 2018
Great answer, keep it coming :)

zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Polyp and medusa forms of Cnidarians. Polyp and medusa forms of Cnidarians.
Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba Cade and colleagues discovered a way to improve athletic performance and prevent salt and water imba
(a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko (a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko
Forms of spina bifida. Forms of spina bifida.
Mass Wasting Forms Mass Wasting Forms
Denney's model ON actual level of performance on exercised and unexercised abilities Denney's model ON actual level of performance on exercised and unexercised abilities
Video: Stroke volume

For a complete list of videos, visit our video library