QA › Psychology › Which of the following is true concerning incentive pay?

Which of the following is true concerning incentive pay?

A) The award is earned only when the predetermined work objective is totally completed.

B) It motivates employees to be more productive, but does little to control payroll costs.

C) Awards are granted as one-time payments.

D) Incentive levels are generally subjective in nature.

Answer: C) Awards are granted as one-time payments

Incentive pay is a special kind of pay given to employees, in order to appreciate their efforts, and encourage them to double down on their efforts or continue their good work.

The awards are only given as one-time payouts, rather than repeatedly, as the aim is to encourage the workers to put in their best without knowing when the incentives will arrive.

The awards are given on an objective nature, rather than subjectively, and motivate productivity in employees. They can be awarded even before a predetermined work objective is completed.

Psychology

3 years ago

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