Question

Vactin Motors, an automobile company, ties individual performance, profits, and other measures of employees' success to a particular form of pay. This form of pay is influential because the amount paid is linked to certain predefined behaviors or outcomes. Which of the following is exemplified in this scenario?
a. Minimum wage
b. Overtime pay
c. Incentive pay
d. Piecework rates
e. Bonus payment

Answer 1

Answer:

c. Incentive pay

Explanation:

The incentive pay is the pay i.e. to be provided when the employee achieved above the target set by the organization. It is the extra earnings for the employer. Also it directly impacts the employer performance which results into the chances of the high percentage that increases the pay of the employer

Therefore according to the given situation, the correct option is c. as it fits to the given scenario.