Many employees feel their firm

Many employees feel their firm - Many employees feel their...

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Many employees feel their firm's pay for performance plans are ineffective because: Your Answer: One and two. Correct. Employees may feel their firms' compensation plans are ineffective because not everyone reacts to a reward in the same way, and not all rewards are suited to all situations. 2. Frederick Herzberg declared in his Hygiene-Motivator theory that the best way to motivate someone is to: Your Answer: Arrange the job so it helps satisfy higher-level needs. Correct. Herzberg says the best way to motivate someone is to arrange the job so that it helps satisfy the person's higher-level needs, since these needs are relatively insatiable. 3. A team or group incentive plan that ties pay to some measure of the firm's overall profitability is: Your Answer: Expectancy. Correct Answer: Variable pay. Incorrect. Vroom's theory says that a person's motivation to exert some level of effort is a function of, among other things, expectancy. Traditionally, all incentive plans are pay-for-performance plans. They pay all employees based on the employees' performance. 4. A _____ that becomes part of the employee's base salary is any salary increase awarded to an individual based on the person's performance. Your Answer: Standard hour plan Correct Answer: Merit raise Incorrect. A standard hour plan is like the pierce rate plan, but the worker gets a premium equal to the percent by which his or her performance exceeds the standard. It is different from a bonus in that a bonus is a one-time payment. 5. Giving merit raises can backfire because: Your Answer: Supervisors tend to minimize differences in employee performance when
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giving raises. Correct Answer: All of the above. Incorrect. A good reason, but not the only one. Detractors contend that the effect of awarding pay raises across the board may actually detract from performance by showing employees they'll be rewarded regardless of how they perform. 6. _____ pay incentives to a team based on the team's performance. Your Answer: Profit-sharing plans Correct Answer: Group incentive plans Incorrect. In profit-sharing plans, all or most employees receive a share of the firm's annual profits. Firms need incentive plans that both encourage teamwork and focus team members' attention on performance. 7. Profit-sharing plans include all the following except : Your Answer: Group incentive plans. Correct. Group incentive plans pay incentives to the team based on the team's performance. 8. In a _____ plan, the firm places a predetermined portion of profits in each employee's account under a trustee's supervision. Your Answer: Gainsharing
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This note was uploaded on 06/18/2011 for the course BUS 499 taught by Professor Campbell during the Spring '11 term at Strayer.

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Many employees feel their firm - Many employees feel their...

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