Examlex
When a construction worker decides to work additional hours on a typical workday so that he can have a three-day weekend, he is likely taking advantage of a __________ programme.
Differential Piece Rate
A compensation system where workers are paid based on the quantity of work produced, with rates that can vary depending on performance levels reached.
Standard Hour Plans
Compensation packages that offer wages based on the number of hours worked, adjusted by efficiency or predetermined standards.
Piecework Plans
A compensation system where employees are paid based on the quantity of work completed, rather than on the number of hours worked.
Incentive Pay
Financial or non-financial rewards given to employees based on their performance, as a way to motivate higher productivity and achieve company goals.
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