What Is the Name for an Incentive Plan Where Improvements

question 62

Multiple Choice

What is the name for an incentive plan where improvements in group productivity determine the total amount of money that is allocated?

• A) ESOP
• B) gainsharing
• C) profit sharing
• D) piece rates
• E) employee ownership

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Definitions:

Expectancy Theory

A theory of motivation that proposes an individual's behavior is determined by their expected outcomes and the value they place on those outcomes.

Self-confidence

The belief in one's own abilities, skills, and capacity to succeed or accomplish a task.

People-oriented Leadership

A leadership style focused on supporting, motivating, and developing employees, putting their needs, welfare, and development at the forefront.

Behavioral Perspective

An approach in psychology focusing on understanding human behavior by studying observable actions and the environment's effect on them.