Organizations Call Upon __________Performance Bonuses to Enhance the Effectiveness of Teams

question 36

Multiple Choice

Organizations call upon __________performance bonuses to enhance the effectiveness of teams, but the bonus may undermine collaboration between teams.

• A) individual
• B) unit
• C) team-based
• D) divisional
• E) company's overall

Recognize the role of gain-sharing and profit-sharing in enhancing employee motivation and performance.

Acknowledge the effectiveness of team-based financial incentives on various organizational outcomes.

Assess the use of employee stock ownership plans (ESOPs) and their effects on employee motivation.

Understand how pay plans can be effectively implemented to foster teamwork.

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Definitions:

Flextime Program

A flexible working hours scheme that allows employees to alter their start and finish times, within certain limits, to suit their personal commitments and needs.

Specified Limits

Predetermined boundaries or constraints that define the scope, actions, or conditions under which a process or operation can occur.

Employee Retention

Strategies and practices employed by organizations to prevent valuable employees from leaving their jobs.

Engagement Level

The degree of enthusiasm and dedication an employee exhibits toward their job and the organization they work for.