In which type of reward system are awards or prizes given at a specific rate as accomplishments occur.
A)Merit-Based rewards
B)Piece-rate incentives
C)Scanlon Plan
D)Incentive-based rewards

Question

Quizplus · Accepted Answer

In piece-rate incentives, awards or prizes are given at a specific rate as accomplishments occur. This is because employees receive a fixed amount of money per unit of work completed, which provides a clear and direct incentive to work harder and produce more. Merit-based rewards, on the other hand, are awarded based on an employee's overall performance, while Scanlon Plans focus on profit-sharing and other forms of team-based rewards. Incentive-based rewards can encompass a variety of different systems, but do not necessarily involve awarding prizes or awards at a specific rate as accomplishments occur.

In Which Type of Reward System Are Awards or Prizes