The incentive and pay plan is tied to company's overall profitability is called _________?
Correct answer: B. variable pay
- A. fixed pay
- B. variable pay
- C. fixed-variable pay
- D. mixed pay
Explanation
Pay linked to the company’s overall profitability is a form of variable pay, because the amount changes according to organisational results. Profit sharing is a common example of this arrangement.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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