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 9 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
Wow, this really help

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

The experimental approach used by Masui and Markert to identify cyclin and cyclin-dependent kinase ( The experimental approach used by Masui and Markert to identify cyclin and cyclin-dependent kinase (
Jaundice. Photograph of an individual with liver disease, evidenced by the yellowing of the sclera o Jaundice. Photograph of an individual with liver disease, evidenced by the yellowing of the sclera o
Common Root Words and Combining Forms Cont. Common Root Words and Combining Forms Cont.
Solid Drug Forms Solid Drug Forms
A closed loop conductor that forms a circle with a radius of is located in a uniform but ... A closed loop conductor that forms a circle with a radius of is located in a uniform but ...
The four RNA ribonucleotides. Shown in their mono-phosphate forms The four RNA ribonucleotides. Shown in their mono-phosphate forms
Video: Deafness Culture

For a complete list of videos, visit our video library