Asked by Manal Al-Hashmi on Jul 23, 2024
Verified
Refer to Scenario 10.1. One way to address the turnover problem that is driven by the frequency of payout would be to have some form of guaranteed pay. Which pay method for sales employees addresses this issue?
A) straight commission
B) salary and commission
C) bonuses
D) gainsharing
Guaranteed Pay
Compensation that an employee can count on receiving, typically a fixed annual amount, regardless of performance or company profits.
Salary and Commission
A compensation structure that combines a fixed salary with performance-based commissions, often used in sales jobs.
Turnover Problem
A situation in which a company or organization experiences a higher rate of employees leaving than is desired or expected.
- Comprehend the impacts of various pay systems on the retention and performance of employees.
Verified Answer
Learning Objectives
- Comprehend the impacts of various pay systems on the retention and performance of employees.
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