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The Performance "Threshold" in Incentive Plans Is the Name Given

question 98

True/False

The performance "threshold" in incentive plans is the name given to the amount of the award.


Definitions:

Gainsharing

A compensation system where employees receive bonuses based on the improvement of operational efficiency and performance within an organization.

Merit Pay System

A compensation strategy where employees receive pay increases based on their performance evaluations.

Gainsharing

A performance-based compensation program where the savings or gains from increased productivity are shared with employees.

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