Practice Performance Bonuses (3.1) - Compensation & Total Rewards Strategy

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8 questions

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2 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is a performance bonus?
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Think about incentives linked to job performance.
Question 2.
Name one type of performance bonus.
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Consider bonuses given to groups.
3Question 3.
What is a performance bonus?
- A fixed salary increase
- Incentives based on performance
- A tax deduction
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Think about why employers use bonuses.
4Question 4.
True or False: Team performance bonuses are awarded individually.
- True
- False
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What is the focus of team bonuses?
Question 5.
Design a performance bonus program for a small sales team that has to meet quarterly targets. What criteria would you set?
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Think about fair measures of success.
Question 6.
Evaluate a situation where a high-performing employee leaves just after receiving a generous bonus. What could the organization have done differently?
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Consider linking compensation to employee engagement.

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