Ch 5: Motivation in Action Flashcards
1
Q
What are two factors to consider when creating effective reward systems?
A
- What to pay and establishing a pay structure
2. How to pay individual employees
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.
3
Q
What are three major forms of individual-based variable-pay programs?
A
- Piece-Rate pay
- Merit-based pay
- Bonuses