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Piece-rate systems are widely debated incentive payment plans. In a recent study of loan officer effectiveness, the following piece-rate system was examined. % of goal
Piece-rate systems are widely debated incentive payment plans. In a recent study of loan officer effectiveness, the following piece-rate system was examined. % of goal reached < 80 80 100 120 Incentive n/a $4,500 with an additional $130 added per percentage point from 81-99% $7,100 with an additional $130 added per percentage point from 101-119% $9,700 with an additional $130 added per percentage point starting at 121% If a loan officer makes 95% of his or her goal, write the linear function that applies based on the incentive plan table. (Enter exact numbers as integers, fractions, or decimals.)
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