Asked by
Dylan Starr
on Oct 31, 2024
Verified
Management and labour share the labour cost reductions in which of these compensation schemes?
A) bonus system
B) quota system
C) Scantron plan
D) Scanlon plan
E) measured day work plan
Scanlon Plan
A participative management method that focuses on rewarding employees for increases in productivity.
Labour Cost
The total expense incurred from compensating employees for their work, including wages, benefits, and taxes.
Compensation Schemes
Systems or programs designed to reward employees monetarily for their work or performance.
- Understand the various reward systems and their impact on work efficiency.
Verified Answer
SM
Learning Objectives
- Understand the various reward systems and their impact on work efficiency.
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