5 Questions
Which category of incentive pay plans rewards employees whose work is performed independently?
Individual incentive plans
What is the definition of incentive pay or variable pay?
Compensation that fluctuates based on employees' attainment of some standard
In which type of work environment do group incentive plans work well?
Manufacturing and service delivery environments
What are gain sharing programs?
Group improvements in productivity are rewarded
What are piecework plans?
Plans where an employee's compensation depends on the number of units produced
Test your knowledge on incentive pay and variable pay with this quiz! Learn about the different types of incentive pay plans and how they can motivate employees to achieve work objectives.
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