Which of the following is the most widely used individual incentive plan?
A) Piecework plan
B) Scanlon plan
C) Merit pay
D) Competency-based plan
E) Bonus plan

Question

Quizplus · Accepted Answer

Merit pay is the most widely used individual incentive plan, as it rewards employees based on their individual performance and contributions to the organization. This plan is often linked to performance appraisals and can be used to motivate employees to improve their performance and achieve specific goals. Additionally, this plan provides a clear and measurable way for employees to see how their efforts are being recognized and rewarded.

Which of the Following Is the Most Widely Used Individual