__________is compensation that depends on some measure of individual or group performance or results in order to be awarded.

Question

Quizplus · Accepted Answer

Variable pay is compensation that varies based on individual or group performance or results achieved. This type of pay is typically used as an incentive for employees to meet or exceed specific goals and objectives. Merit pay is a type of variable pay that rewards employees based on their individual performance, but it is not the best choice in this scenario as it excludes group performance. Vesting refers to the process by which an employee gains ownership of employer-contributed funds to their retirement account. Golden parachutes and perquisites are not related to performance-based compensation.

__________Is Compensation That Depends on Some Measure of Individual or Group