Asked by xolile tibane on Jul 23, 2024
Verified
Standard hour plans are quality-oriented incentives for professional employees.
Standard Hour Plans
Compensation systems where employees are paid a set rate for each hour worked, often with different rates for overtime hours.
Quality-Oriented Incentives
Rewards or bonuses given to employees for meeting or exceeding quality standards in their work.
- Differentiate between various incentive plans such as team awards, standard hour plans, and piecework rates.
Verified Answer
SA
Sireen AwawdaJul 27, 2024
Final Answer :
False
Explanation :
Standard hour plans are efficiency-oriented incentives designed to reward workers for completing tasks in less time than a predetermined standard, rather than focusing on quality.
Learning Objectives
- Differentiate between various incentive plans such as team awards, standard hour plans, and piecework rates.
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