Asked by
Carson Francis
on Dec 10, 2024
Verified
What is variable pay?
A) Pay that some employees receive but not others
B) Pay that an organization will give employees when they are profitable
C) Pay that changes throughout the year
D) A portion of employees' pay that is based on a measure of performance
E) A portion of employees' pay that is based on their seniority
Variable Pay
A compensation strategy where an employee's earnings fluctuate based on performance or results achieved.
Performance Measure
Metrics or indicators used to assess the efficiency, effectiveness, and productivity of an employee, team, or organization.
- Evaluate the impact of different remuneration methods like piece rate, variable pay, and merit pay on employee productivity and collaboration.
Verified Answer
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Learning Objectives
- Evaluate the impact of different remuneration methods like piece rate, variable pay, and merit pay on employee productivity and collaboration.