Incentive Compensation Plans Are Used to Attract and Retain Top

question 93

True/False

Incentive compensation plans are used to attract and retain top managerial talent as well as to align the interests of management with shareholders. 

---

Definitions:

Benefit Packages

A collection of non-wage compensations provided to employees in addition to their normal wages or salaries.

Compensation Time Benefits

are benefits allowing employees to take time off instead of receiving overtime pay for extra hours worked.

Long-Term Repercussions

Enduring effects or consequences that result from actions or events, which may not become apparent until well into the future.

Quality Employees

Personnel who demonstrate high levels of performance, professionalism, and commitment to their roles and the organization's goals.