Write a brief note on the performance-based pay


The key factors for the successful coordination of goals are as follows:
1. The logical linking of goals to measurable objectives and targets
2. Performance-based pay

Performance-based pay is the linking of employee compensation to the achievement of measurable business targets. Some of the examples are cash bonuses, awards, profit-sharing plans, and stock options.

Incentives such as cash bonuses will be given for employees to recognize their short-term performance. However, incentives such as profit-sharing plans and stock options will have both short- and long-term impact.

Business

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Answer the following statements true (T) or false (F)

1. The GLOBE project is a large, ongoing effort to find technological improvements to assist world trade.  2. Power distance refers to how loosely or tightly people are socially bonded.  3. According to the GLOBE project, the United States is among the countries highest in the cultural dimension of performance orientation.  4. The GLOBE cultural dimension that examines the extent to which a society should minimize gender discrimination and role inequalities is known as gender egalitarianism.

Business

Every idea developed by an entrepreneur represents a viable business opportunity.

Answer the following statement true (T) or false (F)

Business

By paying the holder on an instrument, a party may be discharged from liability

a. True b. False Indicate whether the statement is true or false

Business

The number of dummy variables must equal 1 less than the number of categories of the qualitative variable

Indicate whether the statement is true or false

Business