winter holidays so he can make more money. (Click to select) 3. A Percentage of Sales-An incentive system that pays a percentage of the employee's sales. (Click to select) 4. Janet's Low Sales-Janet decided to quit her job. The majority of her income was based on how much she sold, and she just wasn't a very good salesperson. Commission 5. Calculated Weekly/Monthly-Compensation is calculated and paid on a weekly or monthly basis. (Click to select) 6. Sarah's Direct Deposit-Each month Sarah's flat-rate compensation is deposited directly into her bank account on the 25th day of the month. (Click to select) 7. For Performance-The monetary reward is paid to employees for exceptional performance as an incentive to further increase productivity. (Click to select)
winter holidays so he can make more money. (Click to select) 3. A Percentage of Sales-An incentive system that pays a percentage of the employee's sales. (Click to select) 4. Janet's Low Sales-Janet decided to quit her job. The majority of her income was based on how much she sold, and she just wasn't a very good salesperson. Commission 5. Calculated Weekly/Monthly-Compensation is calculated and paid on a weekly or monthly basis. (Click to select) 6. Sarah's Direct Deposit-Each month Sarah's flat-rate compensation is deposited directly into her bank account on the 25th day of the month. (Click to select) 7. For Performance-The monetary reward is paid to employees for exceptional performance as an incentive to further increase productivity. (Click to select)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Transcribed Image Text:winter holidays so he can make more money.
(Click to select)
3. A Percentage of Sales-An incentive system that pays a percentage of the
employee's sales.
(Click to select)
4. Janet's Low Sales-Janet decided to quit her job. The majority of her
income was based on how much she sold, and she just wasn't a very good
salesperson.
Commission
5. Calculated Weekly/Monthly-Compensation is calculated and paid on a
weekly or monthly basis.
(Click to select)
6. Sarah's Direct Deposit-Each month Sarah's flat-rate compensation is
deposited directly into her bank account on the 25th day of the month.
(Click to select)
7. For Performance-The monetary reward is paid to employees for
exceptional performance as an incentive to further increase productivity.
(Click to select)
8. Robert's Year-end Reward-Robert had a record number of accounts and
was rewarded generously for his hard work and long hours at the end of the
year.
(Click to select)
9. Based on Company Earnings-Some companies distribute a percentage of
their earnings after cost to some or all employees.
(Click to select)
10. Lucinda's Percentage-Lucinda agreed to a lower monthly salary at the
technology startup because she believed in the company and would be
rewarded when it was successful.
(Click to select)
(Click to select)
Wages
Commission
Salary
Bonuses
Profit Sharing Prev 33 of 22
m
4
Transcribed Image Text:Types of Compensation
People don't work for free, and how much employees are paid for their work
is a complicated issue. Also, designing a fair compensation plan is an
important task because pay and benefits represent a substantial portion of an
organization's expenses. Wages that are too high may result in the company's
products being priced too high, making them uncompetitive in the market.
Wages that are too low may damage employee morale and result in costly
turnover.
Financial compensation falls into two categories: wages and salaries.
Additionally, there are three common types of financial incentives:
commission, bonuses, and profit sharing.
Read the statements describing compensation attributes and the various
employee examples and select the most appropriate form of compensation
each describes.
1.Paid by the Hour-Employees receive these financial rewards in return for
the number of hours they have worked.
Wages
2. Frank's Overtime Pay-Frank works overtime at the factory right before the
winter holidays so he can make more money.
(Click to select) M
3. A Percentage of Sales-An incentive system that pays a percentage of the
employee's sales.
(Click to select) Y
4. Janet's Low Sales-Janet decided to quit her job. The majority of her
income was based on how much she sold, and she just wasn't a very good
salesperson.
Commission V
5. Calculated Weekly/Monthly-Compensation is calculated and paid on a
weekly or monthly basis.
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