What is the purpose of incentive pay plans?
A) To provide a mechanism for managers to constructively discipline troublesome employees
B) To motivate high performance
C) To reduce the amount of wages payable to employees
D) To permit accurate and honest performance appraisals
E) Compliance with federal law, which requires incentives such as social insurance and workers' compensation

Question

Quizplus · Accepted Answer

The purpose of incentive pay plans is to motivate high performance among employees. These plans offer rewards to employees who achieve or exceed specific goals or standards, which can increase their motivation and productivity. Incentive pay plans can also help organizations to attract and retain top talent.

What Is the Purpose of Incentive Pay Plans