A web design company, Gen Max, is expanding rapidly and needs to hire middle managers in a climate where first to market is an imperative. Which incentive plan for these employees would best help the firm achieve its first-to-market goal?
A) Pay for performance
B) Merit raises
C) Profit-sharing
D) Gainsharing
E) Pay-for-knowledge

Question

Quizplus · Accepted Answer

Pay for performance incentive plan is the best choice for employees in a rapidly expanding company like Gen Max. This type of plan typically rewards employees for achieving specific goals or targets, which aligns with the company's first-to-market goal. By offering incentives such as bonuses or commissions based on performance, employees are motivated to work harder and be more productive, which can lead to increased competitiveness and faster time-to-market.

A Web Design Company, Gen Max, Is Expanding Rapidly and Needs