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 35 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
Gracias!

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

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
Security Tips for Accepting Various Forms of Payment Security Tips for Accepting Various Forms of Payment
A helical array of and tubulin forms a microtubule A helical array of and tubulin forms a microtubule
Automotive Engine Performance, 5th Edition Automotive Engine Performance, 5th Edition
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library