Asked by Gisell Garcia on May 01, 2024
Verified
________ refers to incentive pay in which the wage paid is higher when a greater amount is produced.
A) Profit sharing
B) Differential piece rate
C) Gainsharing
D) Scanlon pay
E) Merit pay
Differential Piece Rate
A compensation system where workers are paid based on the quantity of work produced, with rates that can vary depending on performance levels reached.
- Identify different types of incentive pay plans such as differential piece rate, standard hour plans, merit pay, and gainsharing.
Verified Answer
KI
KAMAL IRFANMay 06, 2024
Final Answer :
B
Explanation :
Differential piece rate refers to incentive pay in which the rate of wage paid is higher when a greater amount is produced. It motivates employees to increase their output because they will earn more as they become more productive.
Learning Objectives
- Identify different types of incentive pay plans such as differential piece rate, standard hour plans, merit pay, and gainsharing.