Asked by
Sakshi Prasad
on Dec 06, 2024
Verified
Which statement is true about standard hour plans?
A) They encourage employees to focus exclusively on customer service.
B) They succeed only for employees who are not motivated by money.
C) They encourage employees to focus mainly on quality.
D) In terms of their pros and cons, they are very different from piecework plans.
E) They encourage employees to work as fast as they can.
Standard Hour Plans
Compensation packages that offer wages based on the number of hours worked, adjusted by efficiency or predetermined standards.
Piecework Plans
A compensation system where employees are paid based on the quantity of work completed, rather than on the number of hours worked.
- Examine the variety in incentive compensation models, including differential piece rate plans, standard hour proposals, performance-based pay, and gainsharing programs.
Verified Answer
MW
Learning Objectives
- Examine the variety in incentive compensation models, including differential piece rate plans, standard hour proposals, performance-based pay, and gainsharing programs.
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