An organization wants to provide its employees information about what its goals are and what it expects employees to accomplish.It is planning to implement an incentive plan that helps employees understand the organization's goals.Which of the following should be used by this organization?
A) a retention bonus
B) a piecework rate system
C) a merit pay system
D) the Scanlon plan
E) a balanced scorecard

Question

Quizplus · Accepted Answer

A balanced scorecard is a strategic management tool that helps organizations communicate their goals and objectives to employees. It outlines the company's targets and measures progress towards achieving those targets. By implementing a balanced scorecard and tying employee incentives to it, the organization can ensure that employees understand its goals and are motivated to work towards achieving them. The other options, such as a retention bonus, piecework rate system, merit pay system, and the Scanlon plan, are less focused on aligning employee incentives with organizational goals and may not be as effective in communicating the company's objectives to its employees.

An Organization Wants to Provide Its Employees Information About What