Ginny's IT project team at work recently launched a new online reporting tool that has received significant attention from the press.The company had not expected the new tool to be so successful and decides to appreciate the team's work by giving each member of the team a fivepercent pay increase.This is an example of what type of compensation system?
A)Gain-sharing
B)Merit pay
C)Pay for performance
D)Piece-rate pay

Question

Quizplus · Accepted Answer

Pay for performance is a compensation system where employees are rewarded based on their performance or achievements. In this case, the team's successful launch of the tool led to a pay increase, aligning with the pay for performance model.

Ginny's IT Project Team at Work Recently Launched a New