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Exam 11: Incentives and Rewards

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Question 21

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Which type of incentive program would be most beneficial if you are managing a telecommuting employee?

A) Merit increase
B) Straight commission
C) Lump sum merit bonus
D) Spot award
E) Improshare plan

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Question 22

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Although they provide income security, ________ plans do not motivate an employee to produce at high levels.

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Question 23

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The level of risk associated with an incentive program will impact how the employees view the incentive based on the history of the organization.

Identify all of the criteria of an effective incentive plan. Describe an example of a plan that would meet all of the criteria.

A gainsharing plan may be best utilized by an organization that emphasizes the use of teams , such as assembly lines.

A lump sum merit bonus would be appropriate to use in an organization whose culture emphasizes teamwork in order to achieve organizational goals.

Identify and define the two types of piecework plans. What are the pros and cons of using a piecework pay system?

To avoid ethical issues, piecework systems should contain a criteria related to quality or safety so that employees are not producing high volumes of substandard products.

Identify and define the two types of gainsharing plans. What are the advantages of using these types of plans?

Identify the different components of executive compensation. Explain how CEO pay is generally determined and the concerns surrounding the process.

If an employee believes they are capable of performing a task and reaching a goal then they will be motivated by expectancy.

In regard to piecework incentive plans, which of the following statements is most accurate?

Jodi's evaluation score was a 70% which meant she was eligible for a 3.00% increase to her base hourly rate. This is an example of a:

Clay works for a local car dealership as a salesperson and earns 3% on every car he sells as his incentive plan and he receives no other compensation. This is an example of a:

Employee motivation is primarily influenced by all of the following factors EXCEPT:

When employees make decisions regarding how to act at work based on what behaviors they believe will lead to their most valued work-related rewards and outcomes this is known as ________ theory.

Using more longer term incentives for executives that link their pay to company performance can help improve the perception employees have about executive compensation.

Knowing that what is rewarded might not always lead to ethical behavior, organizations should keep in mind that:

When designing an incentive system an organization must decide:

Vince's department had no injuries or accidents for 6 consecutive months so his director gave each employee 8 hours of vacation to add to their vacation bank. This is an example of a/an: