The Most Common Pay-For-Performance System Has Been to Give Managers

question 50

True/False

The most common pay-for-performance system has been to give managers stock options: the right to buy the company's shares at a predetermined (strike) price at some point in the future, usually within ten years of the grant date.

---

Definitions:

Collective Bargaining

A process where employers and employees negotiate wages, hours, and working conditions through their representatives.

Threat of Strikes

The potential action of workers stopping work as a form of protest or to demand improved conditions or wages, used as leverage in negotiations.

Welfare Capitalism

An approach in which companies provide welfare-like services to their employees, such as housing and healthcare, to improve working conditions and reduce labor unrest.

Strategic Human Resource Management

An approach to managing human resources that supports long-term business goals and outcomes with a strategic framework.