Pay for Performance and Financial Incentives

According to Frederick Taylor's scientific management movement, what is considered a 'fair day's work'?

In Victor Vroom's expectancy theory, what does 'instrumentality' refer to?

Under the Fair Labor Standards Act (FLSA), how must an incentive bonus generally be treated when calculating overtime pay?

What is the primary difference between a merit raise and a bonus?

For an executive assistant at Discovery Communications, what percentage of a potential bonus is based on the individual's performance?

What is a primary advantage of a straight commission plan for a company?

According to the textbook, what is a typical incentive mix for a combination sales plan?

What is the primary purpose of a 'golden parachute' in executive compensation?

What is the primary drawback of team incentive plans that can lead to their failure, as exemplified by the Levi Strauss case?

What is the defining characteristic of an Employee Stock Ownership Plan (ESOP)?

In the fast-food chain example discussed in the chapter, what was the impact of nonfinancial incentives like feedback and recognition on store profits?

What is the primary criticism of merit pay plans, according to the textbook?

What type of incentive plan would be most appropriate for a salesperson whose main task is prospecting and account servicing, rather than closing sales?

According to the Sarbanes-Oxley Act of 2002, what are CEOs and CFOs required to do regarding bonuses if a company must restate a financial statement due to material noncompliance?

Which type of organization-wide incentive plan, developed in 1937 by a union official, is known for its progressive philosophy of cooperation and is still popular today?

What type of long-term incentive involves awarding rights to shares at no cost to the executive, but with a restriction on acquiring or selling them for a period of time, such as five years?

In the study of the fast-food chain, what was the percentage improvement in employee turnover for the group that received financial incentives?

What is the primary purpose of an earnings-at-risk pay plan?

According to Edward Deci's research, what is a potential negative consequence of relying too heavily on extrinsic rewards like financial incentives?

What is the oldest and still most commonly used individual incentive plan?

What type of incentive plan gives an executive the right to take any appreciation in a company's stock price in cash or stock, without actually purchasing the shares?

In the study on sales effectiveness, salespeople at high-performing companies were twice as likely to receive what form of compensation compared to those at low-performing companies?

What is the primary feature of a deferred profit-sharing plan?

What is the typical annual bonus percentage for a manager earning one hundred thousand dollars, as suggested by the textbook?

What is the primary advantage of a guaranteed piecework plan over a straight piecework plan?

Which of the following is NOT one of the five basic features of a Scanlon plan?

What is the primary purpose of using 'dual-career ladders' for professional employees?

When an employee earns a ten dollar per hour wage and receives an eighty dollar performance bonus for a 40-hour week, what is their effective hourly rate for calculating overtime pay under the FLSA?

According to one survey in the chapter, what percentage of the 2,600 U.S. workers surveyed said their company's incentive plans motivated them?

What is the primary function of a 'spiff' in the context of car sales compensation?

At Nucor Corp., what type of incentive do professional and clerical employees receive?

Which of the following is a key reason that incentivizing the 'number of cars sold' can be an ineffective strategy for a car dealership?

What is the most common eligibility determinant for annual bonus plans, according to one survey mentioned in the chapter?

What does a 'commission-plus-drawing-account' plan allow a salesperson to do?

In the context of motivation theory, what does B. F. Skinner's principle of behavior modification suggest?

What is a 'standard hour plan'?

The Lincoln incentive system, a type of gainsharing plan, bases its annual profit distribution on what?

What type of incentive plan involves employees receiving 'units' similar to shares and getting a cash award based on the appreciation of those units?

A survey in the 'Employee Engagement Guide for Managers' found that what percentage of companies incorporate employee engagement and performance metrics into their variable pay programs?

In the multiplier approach to determining annual bonuses shown in Table 12-2, what bonus would an employee with 'Good' individual performance receive if the company's performance was 'Poor'?

What is the primary reason that a 'standard hour plan' might be preferred over a 'piecework plan'?

What type of bonuses are generally excludable from overtime pay calculations under the FLSA?

According to a study by Towers Watson cited in the chapter, what ranked as the seventh-most important driver for attracting employees?

What is the primary reason a 'commission-plus-drawing-account' plan is considered a combination plan?

What did the research study on an online MBA program identify as the 'big problem' with team incentives?

In the example of the fast-food chain, which of the following was a nonfinancial incentive used to improve performance?

What is the primary reason for having a sizable salary component in a combination sales plan?

In the 'Trends Shaping HR: Digital and Social Media' section, what problem did First Tennessee Bank solve by switching to an enterprise incentive management (EIM) software system?

According to the 'Employee Engagement Guide for Managers,' what did a survey of compensation professionals identify as the 'gold standard' for building employee cooperation and commitment?

Which of these is NOT one of the three factors that Victor Vroom's expectancy theory says influences a person's motivation to exert effort?