_______________ should be included when calculating variable pay.
A) Individual incentive awards
B) Scheduled lump-sum awards
C) Team awards
D) All of the choices are correct.

Question

Quizplus · Accepted Answer

All of the choices should be included when calculating variable pay, as each type of award reflects a different aspect of employee performance and contribution. Individual incentive awards allow for recognition of exceptional individual performance, whereas team awards recognize collaborative efforts and foster a sense of teamwork. Scheduled lump-sum awards may be used to acknowledge long-term commitment or loyalty, and can serve as a retention tool. Including all types of awards in the variable pay calculation ensures that employees are recognized for their unique contributions and encourages a well-rounded approach to performance management.

_______________ Should Be Included When Calculating Variable Pay