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List and Describe Different Variable-Pay Programs

question 90

Essay

List and describe different variable-pay programs. Be sure to include piece-rate plans, profit-sharing plans, and gainsharing.


Definitions:

Formalization

The extent to which organizations standardize behavior through rules, procedures, protocols, and formal structures.

Vertical Differentiation

The structuring of an organization into levels of hierarchy, often to distinguish between varying degrees of authority and responsibility.

Empowerment

A process aimed at giving employees more autonomy, authority, and control over their work and decision-making to improve engagement and performance.

Supervision

The process of directing, monitoring, and overseeing the performance and productivity of employees in an organization.

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