Which one of the following pay programs has the greatest frequency of payout?
A)Merit pay
B)Profit sharing
C)Incentive pay
D)Gainsharing

Question

Quizplus · Accepted Answer

Incentive pay is a program that rewards employees for achieving specific goals or objectives, such as increasing sales or improving productivity. These goals are typically set on a short-term basis, meaning that payouts can occur frequently, such as monthly or quarterly. In contrast, merit pay is typically awarded on an annual basis and is based on an employee's overall performance, while profit sharing and gainsharing payouts are often determined by the company's overall financial performance, which may not occur as frequently.

Which One of the Following Pay Programs Has the Greatest