Business Studies, asked by swetha2844, 1 year ago

what are the problems arrive in contingent pay plan​

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Answered by vanshjaat1360
1
Contingent pay as a motivator
Many people see pay related to performance, competency, contribution or skill as the best way to motivate people. But it is simplistic to assume that it is only the extrinsic motivators in the form of pay that create long-term motivation. The total reward concept, as explained in Chapter 46, emphasizes the importance of non-financial rewards as an integral part of a com- plete package. The intrinsic motivators that can arise from the work itself and the working environment may have a deeper and longer-lasting effect.
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