What Are Variable Pay Plans

question 37

Multiple Choice

What are variable pay plans?

• A) methods of tying compensation to the Consumer Price Index (CPI) in order to keep up with inflation
• B) additional tangible rewards given to employees for performance beyond normal expectations
• C) compensation that increases as employees gain new job-related knowledge, skills, and abilities
• D) incentives to meet required performance standards

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Definitions:

Maslow

A psychologist best known for developing Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Doubts

Feelings of uncertainty or lack of conviction about something, often involving questions about belief or decision making.

D-motivation

The reduction or loss of motivation, often due to a lack of rewards or the presence of demotivating factors.

Self-actualizers

Individuals who have realized and fulfilled their potential in terms of personal growth, creativity, and understanding, according to Maslow's hierarchy of needs.