What is the difference between bonuses and team awards?
A) Bonuses are for bigger work groups whereas team awards are for small teams.
B) Bonuses reward individual performance whereas team awards encourage cooperation.
C) Bonuses are usually given to employees who meet deadlines whereas team awards are given only when the team as a whole meets the targets.
D) Bonuses encourages competition among individuals whereas team awards only foster cooperation.
E) Bonuses reward attainment of goals measured in terms of physical output whereas team awards reward performance in terms of cost savings.

Question

Quizplus · Accepted Answer

In stock ownership plans, employees may not see a strong link between their actions and the company's stock price, especially in larger organizations. The link between pay and performance is even harder to appreciate because the financial benefits mostly come when the stock is sold-typically when the employee leaves the organization.

What Is the Difference Between Bonuses and Team Awards