ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Type of compensation based on performance; also known as pay for performance.
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incentive
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piecework
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bonus
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commission
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Explanation:
Detailed explanation-1: -Performance-based compensation is an incentive-based form of compensation paid to portfolio managers of investment funds. Employees at companies are also given performance-based compensation as a reward for good work.
Detailed explanation-2: -A pay-for-performance plan, or performance-related pay plan, refers to company programs that pay employees based on how well they do at work. Often, companies that use this plan have clear guidelines for behaviours or performance evaluation results that increase pay.
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