In order to control compensation costs,administrators of merit pay programs must closely monitor the compa-ratio and the:
A) number of pay grades in the pay structure.
B) an individual's performance ratings.
C) number of new hires in the company.
D) company's stock price in the financial year.
E) average pay of the area where the organization is functioning.

Question

Quizplus · Accepted Answer

Gainsharing refers to a group incentive program that measures improvements in productivity and effectiveness and distributes a portion of each gain to employees.

In Order to Control Compensation Costs,administrators of Merit Pay Programs