A pay plan that bases a portion of an employee's pay on some individual and/or organizational measure of performance is called a:
Explanation
This question asks for the definition of the umbrella term for performance-based pay. Variable-pay is the general category that includes specific plans like piece-rate, merit-based, bonuses, and profit sharing.
Other questions
According to the Job Characteristics Model (JCM), which of the following is defined as the degree to which a job requires the completion of a whole and identifiable piece of work?
What does the Motivating Potential Score (MPS) calculation require for a job to have high motivating potential?
Which job redesign approach involves the periodic shifting of an employee from one task to another with similar skill requirements at the same organizational level?
What is the primary drawback of flextime as an alternative work arrangement?
What is telecommuting?
A participative process that uses the input of employees to increase their commitment to the organization's success is known as:
What is the primary goal of representative participation?
What is a major advantage of merit-based pay plans?
Which type of variable-pay program distributes compensation based on a formula designed around a company's profitability?
What is the primary purpose of flexible benefits plans?
What is considered the most powerful workplace motivator according to a survey of 1,500 employees mentioned in the chapter?
Which of the following is an example of job enrichment?
According to the text, a recent survey by the Bureau of Labor Statistics showed that what percentage of working women with children have flexible work schedules?
Which of the following is a potential downside of telecommuting for an employee?
What is the primary difference between gainsharing and profit sharing?
What percentage of companies, according to a 2010 survey mentioned in the 'Different Views of the Motivating Effect of Rewards' poll, cited retirement benefits as an important contributor to employee loyalty?
Which of the following is NOT one of the five core dimensions of the Job Characteristics Model?
What does the chapter suggest about the relationship between CEO pay and its measurement?
What is the primary reason that job rotation is associated with higher levels of organizational performance in some manufacturing settings?
Approximately what percentage of large organizations offered job sharing, according to the chapter?
Which of these is NOT a guideline for enriching a job based on the JCM?
What is the primary reason joint decision making in participative management programs can be effective?
How does skill-based pay differ from job-based pay?
What is a major downside of a bonus pay system?
In the discussion about money and happiness, what does the chapter suggest is the better way to spend money to increase happiness?
What is the primary issue with the social context of work in the case of Robin, the first-grade teacher?
According to the text, a 2006 study found that what percentage of top performers cited pay as a key factor in leaving a job?
What is the primary focus of participative management?
What is the common characteristic of jobs like writers, attorneys, and analysts that makes them suitable for telecommuting?
According to the chapter, what is one of the main strengths of job rotation?
What is the common characteristic of core-plus benefits plans?
In the case incident 'Multitasking: A Good Use of Your Time?', what is the main argument against multitasking?
According to the JCM, which three core job dimensions combine to create experienced meaningfulness of the work?
What is a primary disadvantage of job sharing?
What does research suggest about the link between participative management and employee outcomes?
What is the primary characteristic of a piece-rate pay plan?
An Employee Stock Ownership Plan (ESOP) is a plan where employees:
The chapter argues that if money doesn't make you happy, it's because you aren't spending it right. It suggests a $30,000 expenditure on leisure over several seasons had a positive effect on life satisfaction comparable to what event?
The Job Characteristics Model is described as relatively individualistic. In which type of culture might job enrichment strategies based on the JCM not have the same effects?
What is the main reason given in the chapter for why Japanese firms are increasingly considering job sharing?
In the case incident 'Bonuses Can Backfire,' what does psychologist Edward Deci's quote imply about rewards?
How did the Merrill Lynch problem-solving team reduce the number of days it took to open a new cash management account?
What is a key difference between self-managed work teams and problem-solving teams?
According to the chapter, what is the most important reason managers need to know how to measure personality?
What is the most common means of measuring personality, according to the text?
Which Big Five personality trait is the most important predictor of effective leadership?
According to charismatic leadership theory, followers attribute heroic or extraordinary leadership abilities when they observe all of the following behaviors EXCEPT:
What is the primary difference between a transactional and a transformational leader?
Which of the following is a characteristic of a servant leader?