Which incentive system distributes employees' financial rewards according to improvements in group or organisational productivity?
Correct answer: C. Gainsharing
- A. Straight salary
- B. Seniority pay
- C. Gainsharing
- D. Piece-rate pay
Explanation
Gainsharing shares financial gains resulting from improved productivity or efficiency with participating employees. Piece-rate pay is normally based on an individual's output, while seniority pay depends mainly on length of service.
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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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