Which type of compensation would most likely be given in a unionized firm?
A) Merit pay
B) Performance-based pay
C) Profit sharing
D) Lump-sum bonuses

Question

Quizplus · Accepted Answer

In a unionized firm, profit sharing is a common type of compensation as it aligns the interests of employees with the performance of the company. Unionized employees often negotiate profit-sharing plans as part of their collective bargaining agreements. Merit pay, performance-based pay, and lump-sum bonuses are less common in unionized firms since they may be seen as favoring individual employees over the collective group.

Which Type of Compensation Would Most Likely Be Given in a Unionized