Question

________ bases a portion of an employee's pay on some individual and/or organizational measure of performance. Group of answer choices Base pay program Flexible benefits program Modular plans program Variable-pay program Guaranteed pay program

Answer 1

Answer:

Variable pay program

Explanation:

Variable pay program is a form of motivational and incentive technique used in organizations today. It is the situation whereby organizations bases bonuses on individual/team or organizational goals. The variable pay refers to the bonus given to employees or workers that has exceeded or met company's expectations and targets. It is based on a measure of performance rather than job time or seniority.

Answer 2

Answer:

Variable-pay program

Explanation:

Variable-pay program bases a portion of an employee's pay on some individual and/or organizational measure of performance. Both employees and employers benefit from variable-pay program.

Types of variable-pay program

1. Incentive program

2. Bonus program

3. Recognition program

Merits of variable-pay program

1. There is flexibility in rewarding employees

2. It helps to motivate employees to in their work thereby increasing productivity

3. It helps firm to reach their goals

4. Employees are more valued in variable-pay program

5. When employees are motivated, there is a possibility of exceeding expectations.

Variable-pay program has a common elements such as Communication, differentiation, clarity, fairness, and segmentation.