Which of the following are all forms of variable-pay programs?
A)piece-rate pay,merit-based pay and bonus plans
B)wage incentive plans,flexitime and piece-rate pay
C)retirement benefits,extended holidays and wage incentive plans
D)profit-sharing,lump-sum bonuses and extended holidays

Question

Quizplus · Accepted Answer

All options in choice A are forms of variable-pay programs. Piece-rate pay compensates based on the amount of output produced, merit-based pay rewards an individual's performance and contribution to the organization, and bonus plans provide additional compensation for achieving certain goals or objectives. Wage incentive plans in choice B only refer to one form of variable-pay program, and the options in choices C and D are not considered variable-pay programs.

Which of the Following Are All Forms of Variable-Pay Programs