In order for a firm to benefit the most from plantwide pay-for-performance plans,managers should:
A) encourage competition between employees.
B) encourage independence among employees.
C) reward employees with mostly nonfinancial rewards.
D) encourage employees to work for the plant's common good.

Question

Quizplus · Accepted Answer

Plantwide pay-for-performance plans reward employees based on the performance of the entire plant, rather than individual departments or teams. Therefore, it is important for managers to encourage employees to work together and towards the common good of the plant. This will ensure that everyone is working towards the same goals, and will help to prevent competition and conflict between employees. Additionally, nonfinancial rewards can be used to supplement the pay-for-performance plan, but these should not be the primary focus. Ultimately, the key to success with this type of plan is to foster a culture of teamwork and collaboration.

In Order for a Firm to Benefit the Most from Plantwide