Exam (elaborations)
Variable Pay Plans: Questions & Proper Solutions (A+)
- Module
- Institution
Variable Pay Plans: Questions & Proper Solutions (A+)
[Show more]
Seller
Follow
LeCrae
Reviews received
Content preview
Variable Pay Plans: Questions & Proper Solutions (A+)WorldatWork Right Ans - Premier global nonprofit professional
organization for professionals who design and deliver Total Rewards
programs.
Certified Compensation Professional (CCP) Right Ans - A certification
offered by WorldatWork for compensation professionals.
Certified Benefits Professional (CBP) Right Ans - A certification offered by
WorldatWork for benefits professionals.
Global Remuneration Professional (GRP) Right Ans - A certification offered
by WorldatWork for remuneration professionals.
Certified Sales Compensation Professional (CSCP) Right Ans - A
certification offered by WorldatWork for sales compensation professionals.
Certified Executive Compensation Professional (CECP) Right Ans - A
certification offered by WorldatWork for executive compensation
professionals.
Total Rewards Right Ans - Programs designed to cultivate engaged,
effective workforces in organizations.
Variable Pay Right Ans - A compensation approach where employees' pay
is contingent on performance or results.
Incentives Right Ans - Variable pay plans with predetermined criteria and
objectives for performance rewards.
Bonuses Right Ans - Variable pay contingent upon completing specific
tasks or objectives, with negotiated amounts.
Recognition Right Ans - Variable pay based on discretionary criteria,
awarded spontaneously for exceptional performance.
Profit-Sharing Plans Right Ans - Short-term incentive plans that share
profits with employees based on financial performance.
, Performance-Sharing Plans Right Ans - Short-term incentive plans that
share financial performance rewards based on predetermined criteria.
Individual Performance-Based Plans Right Ans - Short-term incentive plans
that base rewards on individual performance achievements.
Revenue Right Ans - Total income generated from sales of goods or
services.
Net income Right Ans - Total revenue minus total expenses, also known as
profit.
Earnings per share (EPS) Right Ans - Profit allocated to each outstanding
share of common stock.
Financial ratios Right Ans - Metrics used to evaluate and compare financial
performance.
Short-Term Incentive Plans Right Ans - Programs designed to reward
employees for achieving short-term goals.
Profit-Sharing Plan Objectives Right Ans - Aims to foster employee
identification with the organization's success and create a common focus on
financial objectives.
Profit-Sharing Plan Approaches Right Ans - Different methods like first-
return plans, threshold plans, operating budget plans, and peer company
comparisons to distribute profits.
Considerations for Profit-Sharing Plans Right Ans - Factors to consider
include promoting awareness, employee ability to influence profits, and
simple administration.
Performance-Sharing Plan Objectives Right Ans - Aims to improve
organization's performance, foster employee identification, and increase
employee understanding.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.18. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
68175 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now