Breakfast cereal maker General Mills periodically gives lump-sum payments to employees. The amount depends on job performance, with more productive employees receiving a larger sum than less productive employees. This motivational tool is

Question

Business

Tiara Robbins

26 December, 16:48

Breakfast cereal maker General Mills periodically gives lump-sum payments to employees. The amount depends on job performance, with more productive employees receiving a larger sum than less productive employees. This motivational tool is

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Answers (2)

Know the Answer?

Karlee Fletcher · Answer 1

An incentive payment.

Explanation:

An incentive payment can be defined as an additional payment that is rewarded to employees on the basis of the results that is attained rather than based on the number of work hours put in by the employee.

An incentive payment may be in form of a bonus or a commission.

The main goal of incentive payment is to inspire the employees to put in their Very best into the work so as to achieve an excellent result.

Breakfast cereal maker General Mills periodically gives their employees large sum of money to motivate them so as to enhance productivity.

Demarcus Chang · Answer 2

an incentive payment.

Explanation:

This can be considered a strategy that General Mills uses to motivate its employees, offering an incentive payment.

When the company periodically provides fixed payments to employees whose amount depends on the performance of the work, this strategy is expected to act as an incentive for employees to be more productive and thus seek to perform their tasks more effectively to meet their interests staff to receive a higher fixed payment than if their income at work was low.