Asked by Clayton Kinzel on Jul 16, 2024
Verified
An organization wishes to base pay on objective, measurable performance data, but the performance of individual workers cannot be isolated and measured.Which system should it adopt?
A) Piece rate
B) Gain-sharing
C) Merit pay
D) Hourly pay
E) Skill-based pay
Objective
Something that one's efforts or actions are intended to attain or accomplish; purpose; goal; target.
Measurable Performance
Refers to the ability to quantify or assess the effectiveness or output of an employee, project, or organization.
- Understand different types of pay plans and their organizational implications.
- Realize the effect of gain-sharing and profit-sharing in advancing employee vigor and efficiency.
Verified Answer
CB
Courtney BrookhartJul 21, 2024
Final Answer :
B
Explanation :
Gain-sharing is a system designed to encourage collaboration among workers by basing rewards on the performance of the group or organization as a whole, making it suitable for situations where individual performance cannot be isolated.
Learning Objectives
- Understand different types of pay plans and their organizational implications.
- Realize the effect of gain-sharing and profit-sharing in advancing employee vigor and efficiency.