Asked by Nabil Abdulkadir on May 25, 2024
Verified
Which of the following is a group level organizational pay performance system?
A) gain sharing
B) piece rates
C) merit raises
D) commissions
Gain Sharing
A performance-based compensation strategy where employees receive financial rewards based on improvements in the company's productivity or profitability.
Group Level Organizational Pay
Compensation strategies that are based on the performance or outcomes of a group or team within the organization.
- Differentiate between compensation systems tailored for individuals and those designed for groups.
Verified Answer
SP
Shanice PintoMay 27, 2024
Final Answer :
A
Explanation :
Gain sharing is a group-level organizational pay performance system where employees receive a share of the financial gains that result from their productivity improvements or cost reductions. It focuses on improving the overall performance of a group or team rather than individual performance, which makes it a group-level pay system. Piece rates, merit raises, and commissions are individual-level pay systems.
Learning Objectives
- Differentiate between compensation systems tailored for individuals and those designed for groups.
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