InfoTech Inc., a sales and marketing company, wants to combine the advantages of different incentive-pay plans and help employees understand the organization's goals. Which plan 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 performance management tool that combines financial and non-financial measures to help organizations track progress towards achieving their strategic goals. By using a balanced scorecard, InfoTech Inc. can incentivize employees based on multiple metrics such as customer satisfaction, employee satisfaction, and financial performance, while also communicating the organization's strategic objectives. This plan will help the company achieve its goal of combining the advantages of different incentive-pay plans and help employees understand the organization's goals.