11.Short-term incentives are one-time variable rewards used to motivate short-term employee behavior and performance.
12.Vesting is the point at which employees can no longer sell or transfer their stock options.
13.Critics of stock option plans believe that they compensate employees for reasons unrelated to employee performance.
14.Pay-for-performance programs reward employees based on some specific measure of their performance.
15.Pay for performance is also called retro pay.
16.Variable pay plans are a type of pay for performance that put a small amount of base pay at risk.
17.Spot awards are awards given monthly for desired behavior.
18.Effective spot reward programs depend on discretion, timely acknowledgements, and obvious links between employee actions and recognition.
19.Intrinsic motivation comes from outside the individual, including performance bonuses.
20.When we are motivated to do a task because doing so will lead to a valued reward, we are intrinsically motivated.
21.Extrinsic motivation is derived from an interest in or enjoyment from doing a task.
22.The golden rule with pay-for-performance plans is that you get what you reward.
23.Skill-based pay rewards employees for the range and depth of their knowledge.
24.Competency-based
pay
is used to evaluate the skills and knowledge of professional workers.
25.Multicrafting is most important for organizations requiring high levels of employee skills.