What is true concerning applications of incentive compensation plans to nonprofit organizations?

Question

Quizplus · Accepted Answer

Incentive compensation plans in nonprofit organizations often emphasize intrinsic rewards due to the nature of nonprofit work, which is mission-driven rather than profit-driven. Financial payoffs might not be as high as in for-profit sectors due to budget constraints and the focus on reinvesting in the organization's mission. Additionally, these plans typically require adherence to rules and guidelines set by top authorities or governing bodies to ensure alignment with the organization's goals and regulatory compliance.

What Is True Concerning Applications of Incentive Compensation Plans to Nonprofit