CHRP Knowledge Exam · Question
Which compensation approach aims to motivate employees by linking a portion of their pay to the achievement of specific, pre-determined goals?
Performance-based pay, also known as merit pay or incentive pay, directly links financial rewards to employee performance.
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Question: Which compensation approach aims to motivate employees by linking a portion of their pay to the achievement of specific, pre-determined goals?
Answer options:
- Base pay
- Skill-based pay ✅ Performance-based pay
- Seniority pay
Correct answer: Performance-based pay
Explanation: Performance-based pay, also known as merit pay or incentive pay, directly links financial rewards to employee performance.
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Question explanations
- Employment Standards in most provinces require overtime after:
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