Acme Global announced that it had $1 million available for pay increases this year.Lindsey was a top performer and hopes to get a 10% __________ incentive.

Question

Quizplus · Accepted Answer

Merit pay is a type of pay increase that is based on an employee's performance and is often used to incentivize and reward top performers. A bonus is a lump sum payment given as a reward for reaching certain goals or milestones, while commissions are usually based on sales performance. Piecework is a system of pay where workers are paid based on the number of items they produce or tasks they complete, and exit pay is a type of severance pay given to employees upon leaving a company. Therefore, the best choice for Lindsey to receive a 10% increase would be through a merit pay incentive.

Acme Global Announced That It Had $1 Million Available for Pay