Ch 5: Motivation in Action Flashcards

1
Q

What are two factors to consider when creating effective reward systems?

A
  1. What to pay and establishing a pay structure

2. How to pay individual employees

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2
Q

What is a variable-pay program

A

It is a program that bases a portion of an employees pay on a measure of performance.

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3
Q

What are three major forms of individual-based variable-pay programs?

A
  1. Piece-Rate pay
  2. Merit-based pay
  3. Bonuses
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