Team-based pay plans are the most widely-used pay-for-performance plans in industry.

Question

Quizplus · Accepted Answer

Individual-based pay-for-performance plans are more widely used in industry, as they directly link an individual employee's performance to their compensation, making it easier to manage and more straightforward for employees to understand how their performance impacts their pay. Team-based pay plans, while used, are less common due to the complexities of measuring team performance and distributing rewards equitably.

Team-Based Pay Plans Are the Most Widely-Used Pay-For-Performance Plans in Industry