Question

Sing Time: 1 hour, 38 minutes, 01 second. Question Completion Status: QUESTION 13 Kotochi and Sons, a marketing company, has implemented a few incentive plans to motivate its employees. The organization encourages employees to learn new skills and cooperate with others. Which condition will contribute to employees' feeling that the organization's incentive pay plans are fair and something to pursue? The company should not inform the employees about incentive plan changes. Employees should make decisions that are only in favor of their interests. Equal incentives should be offered to all the employees of the organization. Employees must be the key decision makers when creating incentive pay plans. Employees must be able to understand the requirements of the incentive pay plan QUESTION 14 From employers perspective, an advantage of merit pay is that it is cheap True False QUESTION 15 The CEO of Workforce asked the human resource manager, May, to propose an approach to incentive pay. May proposes that the company create a gainsharing plan. What action(s) by the company will best increase the likelihood that gainsharing will succeed? sharing data about costs and setting up time for employees to interact using incentive pay as a substitute for goal setting and performance standards indicating that failure to achieve goals will lead to job cuts promoting continuous improvement and limiting time spent on personal interactions hiring employees who prefer to work alone and equipping them with cost data Click Save and Submit lose and subunil. Click Save All Answers to real anster,

Answer 1

​​​​​13. E. Employees must be able to understand the requirements of the incentive pay plan.​​​​​​

If employees fail to understand the changes in the incentive plans, they'd struggle to earn these incentives which will hurt the productivity as well as their income. So making sure they understand the changes is the first and foremost step.

14. B. False.

Merit pay system's one of the biggest disadvantage is that it can be very expensive for employers. Hence it is false.

15. A. Sharing data about costs and setting up time for employees to interact.

In a gainsharing plan, company involves its employees in the profits of the company which makes the employees feel more belonged. Now to make sure such a plan succeeds, it is advisable that employees interact frequently and data regarding costs is shared.