Deck 21: Incentives

Question 1

Which of the following statements about the extent of incentives in the UK is correct?

A) The proportion of employees receiving incentive payments is increasing
B) The proportion of employees receiving incentive payments is falling
C) The proportion of employees receiving incentive payments is stable
D) It is unclear what proportion of employees is receiving incentive payments

Answer 1

D

Question 2

Which of the following statements about the academic judgement on performance-related pay is most accurate?

A) Unfavourable
B) Fairly favourable
C) Very favourable
D) Mixed

Answer 2

A

Question 3

What is being described here? The belief that employees will alter their behaviour (e.g.: by working harder) if they anticipate that they will be rewarded with something they value (e.g. pay) as a result.

A) Sorting effect
B) Expectancy theory
C) Tournament theory
D) Incremental effect

Answer 3

B

Question 4

What is being described here? An incentive payment system which rewards employees provided they maintain a pre- determined and agreed level of working.

A) Piecework
B) Individual time saving
C) Measured day work
D) Gain sharing

Question 5

Which of the following is not a major reason for introducing skills-based pay?

A) Productivity improvements through multi-skilling
B) Encouraging employees to up-skill
C) The attraction and /retention of well-qualified people
D) Encouraging a sense of shared purpose

Question 6

What is being described here? A payment system which rewards groups of employees with shares in their companies costs.

A) Flexible benefits
B) Gain sharing
C) Profit sharing
D) Merit pay