According to research,which of the following best describes incentive plans?
A)They can contribute to organizational performance if certain conditions are met.
B)They usually improve organizational performance by at least 10 percent.
C)They usually lead to negative outcomes such as confusion and competition.
D)They tend to drive up organizational costs and decrease profits because more pay has to be given to employees.

Question

Quizplus · Accepted Answer

Incentive plans can contribute to organizational performance if they are designed and implemented properly. Research suggests that certain conditions need to be met, such as setting challenging but achievable goals, providing regular feedback, ensuring fairness and transparency, and aligning incentives with the overall strategy of the organization. While there may be some risks such as unintended consequences, if incentive plans are used effectively, they can motivate employees, improve productivity, and drive business results.

According to Research,which of the Following Best Describes Incentive Plans