The two most common compensation methods for teams are
A) cash bonuses and cashless bonuses.
B) skill-based pay and gain-sharing.
C) piecework pay and commissions.
D) salaries and capital gains.

Question

Quizplus · Accepted Answer

Skill-based pay and gain-sharing are the two most common compensation methods for teams. Skill-based pay rewards team members for acquiring new skills and knowledge, which can improve the team's overall performance. Gain-sharing compensates teams based on achieving specific performance targets, such as cost savings or revenue increases, creating a sense of shared responsibility and motivation among team members.

The Two Most Common Compensation Methods for Teams Are