Choose the correct incentive plan for each of the examples.
The Answer Is:
Answer:
This question includes an explanation.
Explanation:
Short-term Incentive → Pay for quarterly achievements
Explanation: These rewards are tied to short-term goals and frequent performance evaluations.
Long-term Incentive → Encourage sense of ownership
Explanation: Long-term incentives like profit-sharing or equity grants create a connection to the organization's success over time.
Short-term Incentive → Pay for complexity of work
Explanation: These are immediate rewards based on task difficulty.
Long-term Incentive → Provide stock options with a vesting schedule
Explanation: Vesting schedules reward employees for staying with the company long-term while aligning with corporate success.
[References:, Society for Human Resource Management (SHRM), "Incentive Compensation: Short-term vs Long-term" (2022)., WorldatWork, "Equity Compensation and Long-term Incentives" (2021)., Chartered Institute of Personnel and Development (CIPD), "Performance-based Compensation" (2023)., SHRM, "Guide to Stock Option Plans" (2022)., International Labour Organization (ILO), "Compensation Structures and Strategies" (2022)., , , , ]
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