Which of the Following Statements About Team Compensation Is Generally

question 21

Multiple Choice

Which of the following statements about team compensation is generally true?

• A)Gainsharing programs pay employees for learning additional skills or knowledge.
• B)Skill­based pay works best in relatively stable environments where employees can focus on improving productivity, cost savings, or quality.
• C)Skill­based pay programs tend to be most effective when teams or team­based interventions, such as total quality management, are first introduced.
• D)​Skill­based pay is more effective for self­directing teams performing complex tasks.
• E)In skill­based pay programs, companies share the financial value of performance gains, such as productivity increases, cost savings, or quality improvements, with their workers.

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Definitions:

Customer Loyalty

The dedication of a customer to continue buying from or supporting a company's products or services over time, often due to positive experiences or satisfaction.

Value Proposition

A statement that outlines the unique benefits or value that a product or service provides to its customers.

Customer Relationships

The ways in which a business interacts and communicates with its customers to manage and enhance the customer experience, aiming to build loyalty and satisfaction.

Wayfindr

A guidance system designed to help visually impaired people navigate indoor environments using audio instructions.