Under the Lincoln group incentive plan, the bonus profit distributed to an employee on top of their guaranteed basic wage_________________?
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Answer: B. a merit rating system
Explanation
The Lincoln incentive plan rewards employees with bonus profits beyond basic guaranteed wages. These distributed bonuses are calculated based on a structured merit rating system. Merit rating evaluates individual employee contributions, skill, and workplace cooperation. James F. Lincoln pioneered incentive management practices emphasizing high productivity and rewards. Merit rating appraises worker performance regularly to ensure fair bonus distribution. Combining basic wages with performance-based bonuses encourages exceptional manufacturing output.
Industrial organizations adopt merit-based incentive plans to foster employee engagement and loyalty. Fair rating systems prevent perceptions of favoritism and maintain high workplace morale. Productivity-based bonus plans have historically reduced production costs while increasing earnings. Option A refers to standard rating scales rather than the employee appraisal mechanism. Option C evaluates job roles rather than individual worker performance and merit. Option D is too narrow because merit systems incorporate multiple behavioral and output factors.
- Subject
- Engineering
- Category
- Mechanical Engineering
- Topic
- —
- Difficulty
- medium
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