An Individual-Based Pay Policy Works Best in Which of the Following

question 4

Multiple Choice

An individual-based pay policy works best in which of the following situations?

• A) Employees may have many opportunities to learn new skills.
• B) Employees are expected to move up "through the ranks."
• C) Employee turnover is low and jobs don't change often.
• D) Jobs are standardized within the industry.

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Definitions:

Straight Commission

A compensation method where salespeople or employees are paid based purely on the sales they generate, as a percentage of the sales amount.

Small Commission

A relatively low percentage or fixed fee paid to an agent or salesperson for facilitating a sale or transaction.

Subjective Measures

Assessments based on personal opinions, interpretations, points of view, or judgments rather than on quantifiable or objective criteria.

Objective Measures

Quantitative indicators used to assess performance or progress in a definitive and unbiased way.