Compensation and Benefits - C236 WGU | 33 Questions with 100% Correct Answers | Updated & Verified

The primary reasons that organizations use performance-based pay - is to provide an incentive for the types of behaviors and outcomes that enable higher performance The most popular need theory is the Hierarchy of Needs Theory proposed by Abraham Maslow. - Physiological needs,Safety and security needs,Social needs,Ego and esteem needs,Selfactualization needs The Reinforcement Principle - states that when positive consequences (rewards) follow a behavior, that behavior becomes more likely to be seen in the future The Timing Principle - specifies that the smaller the time gap between the behavior and the reward or punishment, the greater impact on behavior. The Variability Principle - points out that new behaviors are most quickly acquired when employees receive the reward every time a behavior is exhibited -will need to have more frequent payouts in the beginning of the rollout and will want to taper those to variable over time. According to Expectancy Theory - motivation is a function not only of the perceived contingency of the rewards, but also of how much the employee values the reward, and whether or not they believe that they can perform at the required level