Kelltech Inc.is a sales and marketing company based in Baltimore.It wants to combine the advantages of different incentive-pay plans and help employees understand the organization's goals.Which of the following will help the company accomplish this goal?
A) the Scanlon plan
B) a balanced scorecard
C) a dashboard
D) an employee stock ownership plan
E) a differential piece rate system

Question

Quizplus · Accepted Answer

A balanced scorecard is a tool that combines different incentive-pay plans and helps employees understand an organization's goals. It measures performance across financial, customer, internal process, and employee learning and growth perspectives to provide a balanced view of how the organization is performing. This allows employees to understand how their individual actions contribute to the overall success of the organization. The other options are incentive pay plans or systems but do not address the goal of combining these plans and helping employees understand the organization's goals.