Henry was able to bring his project to retool the plant to completion 10-days ahead of schedule. For this achievement, Henry received (as promised) a payment of $1,000 per day for each day he saved, plus an all-expense-paid one-week trip to Paris for him and his significant other. Which of the following is true?
A) the monetary payment is performance-based pay, the trip is a benefit
B) the monetary payment is performance-based pay, the trip is a perk
C) the monetary payment is performance-based pay, the trip is a performance-based nonmonetary reward
D) Neither of these qualifies as performance-based pay/rewards because Henry is a manager, not a production employee.

Question

Quizplus · Accepted Answer

The monetary payment is a performance-based pay as it is directly tied to Henry's achievement of completing the project early. The trip is a performance-based nonmonetary reward as it is given in recognition of his performance.

Henry Was Able to Bring His Project to Retool the Plant