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Liliana Hernandez
on Dec 18, 2024

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Which term below is one of the types of team and organization performance-based pay plans?

A) profit sharing
B) bonuses
C) merit pay
D) piece rate

Organization Performance-based

Refers to the concept of evaluating and managing the performance of an organization based on specific outcomes and results rather than solely on processes.

Profit Sharing

A company policy of distributing a portion of its net profits to its employees.

Team

A group of individuals working together towards a common goal, often characterized by collaboration, communication, and mutual support.

  • Comprehend individual and team-based performance pay plans and their effectiveness.
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JB
Jokobe BrownDec 23, 2024
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