Bonus Pay Plans Are One-Time or Lump-Sum Payments to Employees

question 170

True/False

Bonus pay plans are one-time or lump-sum payments to employees for meeting performance targets or some other extraordinary contribution to the firm.

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Definitions:

Organisation Development

A comprehensive effort to improve an organisation’s ability to deal with its environment and solve problems.

Unfreezing

The phase during which a situation is prepared for change.

Terminal Relationship

A relationship that has ended or is nearing its conclusion, often used in the context of personal or business interactions.

Organisation Development

A planned, organization-wide effort to increase an organization's effectiveness and viability.