Your company has jobs that are highly interrelated and strategic in focus.You want to provide a pay for performance incentive with relatively long measures of performance.The best option would be to design a:
A)Merit pay plan
B)Commission pay plan
C)Profit Sharing plan
D)Piece rate plan
E)Behavioral modification plan

Question

Quizplus · Accepted Answer

A profit sharing plan allows employees to share in the profits of the company based on performance measures over a longer period of time. This aligns with the requirement of long measures of performance and provides a significant financial incentive for strategic focus and interdependence of jobs. Merit pay plans typically provide short-term incentives and may not be suitable for these types of jobs. Commission pay plans and piece rate plans are more suitable for jobs that are sales or production focused. Behavioral modification plans are not related to financial incentives and are more focused on changing employee behavior through positive reinforcement.

Your Company Has Jobs That Are Highly Interrelated and Strategic