Exam 13: Recognizing Employee Contributions With Pay

For incentive pay to motivate employees to contribute to the organization's success,the pay plans must be well designed.Which of the following statements would strengthen this argument?

The distribution of a portion of a company's earnings to its employees will motivate them to focus more on efficiency and productivity.Which of the following would strengthen this argument?

Which of the following statements is true about a balanced scorecard?

Which of the following is a short-term incentive?

Retention bonuses refer to:

In the context of stock options,_____ is called exercising the option.

An organization should keep information,such as changes made to its incentive plan,confidential from its employees.

What are group bonuses and team awards? What are their advantages and disadvantages?

Harry,the HR manager at Kopi Co.,has been asked to reward good performance.However,the budget allocated for rewards is limited.He therefore decides to offer raises to a few employees and spot bonuses to the remaining employees.Which of the following would further strengthen his decision?

The Rudd-Mitchell organization uses the Scanlon plan to provide incentives to its employees.The workers produce electrical components worth $5 million.The target ratio set by the organization is 30%.The employees will be given a bonus if the actual labor costs are less than:

A merit pay incentive system is used to attract employees who are more team-oriented.

Which of the following is a drawback of a standard hour plan?

A pay structure specifically designed to energize,direct,or control employees' behavior is known as:

A feature of an effective incentive pay plan is that it should:

Gerald,the CEO of Logiworks,decides to scrap the current individual incentive pay scheme for a group incentive structure in an effort to increase the overall benefit to the organization.Which of the following statements,if true,would weaken his decision?

Julianna,the HR manager at Hudson Corp.,is facing criticism from the company's high-performing employees for the lack of an effective incentive scheme that rewards them with the necessary pay.The company has avoided paying out incentives in addition to employees' monthly salary in an attempt to minimize costs.But,after the last annual meeting,it has been decided to pay employees an incentive amount based on their performance ratings and their compa-ratio.In this scenario,Julianna would be applying the system of:

Which of the following best describes profit sharing?

An incentive system in which an organization links pay increases to ratings on performance appraisals is referred to as _____.

Michael,formerly a model employee at his organization,has recently begun losing interest in his work due to personal and financial issues.He has spoken to his manager about leaving the company,complaining that he hasn't been receiving enough recognition for his work of the last 12 years.In an effort to change Michael's mind,his manager decides to give him a large amount of money as an incentive.In this scenario,Michael's manager is giving him _____.

What is the difference between bonuses and team awards?