Asked by Montonya Boozier on Jul 30, 2024
Verified
When a portion of employees' pay is based on seniority it is called variable pay.
Seniority
The concept of prioritizing individuals for privileges or positions based on their length of service or experience in a particular organization or profession.
Variable Pay
A portion of compensation determined by an individual's performance or the company's performance.
- Analysis of how different wage models, such as piece rate, variable pay, and merit pay, affect the productivity and teamwork of employees.
Verified Answer
ZK
Zybrea KnightJul 31, 2024
Final Answer :
False
Explanation :
Variable pay is compensation that's based on performance or results achieved, rather than seniority.
Learning Objectives
- Analysis of how different wage models, such as piece rate, variable pay, and merit pay, affect the productivity and teamwork of employees.