WGU D351 v2 topic 9 Questions and Answers|
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Variable compensation links an employees pay to what? organizational performance
What are three examples of variable pay? profit sharing, bonuses, stock options
Define fixed pay. Base pay that is not determined by performance
What are the two most common forms of fixed pay? hourly wage or yearly salary
What are incentive pay plans? a specific type of performance-based pay system which is
used to encourage specific actions and motivate employees
Describe the term "piecework." Most common incentive plan, employees are guaranteed a
standard pay rate for each unit of output, also called a piece rate.
Describe the term "sales incentive (commission)." a commission from the sales that
someone may make.
Describe the term "stock options." an opportunity for a manager to buy an organization's
stock at a later date, but at a price established when the option is granted
Latest Update
Variable compensation links an employees pay to what? organizational performance
What are three examples of variable pay? profit sharing, bonuses, stock options
Define fixed pay. Base pay that is not determined by performance
What are the two most common forms of fixed pay? hourly wage or yearly salary
What are incentive pay plans? a specific type of performance-based pay system which is
used to encourage specific actions and motivate employees
Describe the term "piecework." Most common incentive plan, employees are guaranteed a
standard pay rate for each unit of output, also called a piece rate.
Describe the term "sales incentive (commission)." a commission from the sales that
someone may make.
Describe the term "stock options." an opportunity for a manager to buy an organization's
stock at a later date, but at a price established when the option is granted
