Exam 4: Components of Compensation Strategy

The main types of individual performance pay are piece rates,commissions,merit pay,and special incentives.

According to the text,what are the key conditions for using output-related pay?

A disadvantage of indirect pay is that benefits receive less favourable tax treatment than direct pay.

As the new owner of a car dealership you have limited financial resources and want to focus employee attention on organizational performance.Which of the following pay plans should you consider using?

Briefly explain the three methods for establishing base pay.