Examlex
Humans are primarily distinguished from other species by the extent to which they possess:
Differential Piece Rate Plan
A compensation system where employees are paid based on their output, with different rates applied based on the level of production achieved.
Standard Hour Plan
A compensation strategy that pays workers based on the estimated time it should take to complete a task, with potential bonuses for efficiency.
Incentive Pay Plan
A compensation strategy that pays employees based on their performance or the achievement of specific business goals.
Gainsharing
A compensation strategy where employees receive benefits from improvements in the company's performance, such as increased productivity or cost savings.
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