Question

Vroom Motors, an automobile company, ties individual performance, profits, and other measures of employees' success to a particular form of pay. This form of pay is influential because the amount paid is linked to certain predefined behaviors or outcomes. What pay structure is exemplified in this scenario?

Answer 1

Incentive Pay is the correct answer for the following scenario.

Explanation:

Incentive pay is a source of motivation that is used as compensation awarded to staff for the results they have achieved. The primary aim of the bonus package is to keep the staff empowered, deliver faithfully and compete for the best returns imaginable.

Once a non-exempt contractor who has served on overtime earns a bonus certificate, a specific Total Standard Time Hourly Revenues must be determined.