Your Work Environment Is Changing Rapidly

question 37

True/False

Your work environment is changing rapidly.These are exciting times.Chances are your co-workers discuss what worked best in the past and wait for the boss to make the decisions.

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Definitions:

Incentive Plans

Programs designed by employers to motivate and reward employees for exceeding work performance goals.

Performance Standards

The established expectations, metrics, or benchmarks used to measure and assess an individual's or organization’s performance in specific areas.

Organizational Performance

The measurement of an organization's efficiency, effectiveness, and ability to meet its goals.

Lump-Sum Merit Raises

A one-time payment given to an employee as a reward for exceptional performance, instead of a regular salary increase.