Which incentive system distributes employees' financial rewards according to improvements in group or organisational productivity?
Correct answer: A. Gainsharing
- A. Gainsharing
- B. Seniority pay
- C. Straight salary
- 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.
Last updated
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.
Practise Human Resource Management
80 free Human Resource Management MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
Related questions
A company compares its salaries with those offered by similar employers to remain competitive. Which HR practice is it using?
A manager works with an employee to improve a specific current skill through regular feedback and practice. This activity is best described as:
A pay difference between newly hired employees and experienced employees in similar jobs becomes very small. This situation is known as:
A performance appraisal that obtains feedback from supervisors, peers, subordinates and sometimes customers is called:
A selection test has concurrent validity when its scores are compared with the performance of: