A company wants to change how its employees arecompensated by evaluating an employee's performance whendetermining annual pay raises. What type of compensation plan isthe company implementing?

a. appraisal pay

b. bonus pay

c. incentive pay

d. merit pay

e. job wellness pay

A rapidly growing small business does not offer aretirement plan, but new candidates are frequently asking about a401k. The owner recognizes that they are missing out on talentbecause they do not offer this benefit. What should the businessdo?

a. research 401k plans to see if it's financially feasible

b. explain the benefits of working for a small business and that401ks are more common in big organizations

c. hold off on offering a 401k until the company employs atleast 100 people

d. offer equity since it's less of an immediate cost

e. offer other less expensive benefits instead of a 401k

An employee survey at a company indicates that employees areunhappy with the retirement plan. they would prefer one that wouldresult in employees being paid a fixed amount of money each month.what type of plan would better match the employeess'preferences?

a. 401k plan

b. 403b plan

c. individual retirement arrangements

d. thrift savings plan

e. defined benefits plan