Examlex
How does gender differ from sex?
Piece Rate Plans
Compensation systems where employees are paid based on the quantity of work completed or units produced, which can motivate higher productivity.
Merit Pay
A compensation strategy that provides salary increases or bonuses based on employee performance achievements.
Standard Hour Plans
Compensation systems where workers are paid based on a fixed rate for each unit of production completed within a standard time.
Stock Ownership
Refers to holding shares or equity in a company, which can be a form of compensation or investment, aligning employees' interests with the organization's success.
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