Maxwell Construction Corp.employs a lot of uneducated laborers.The company wants to introduce a variable-pay plan that is easy to understand and does not cost much to administer.Which of the following variable-pay plans is Maxwell most likely to introduce?

Question

Quizplus · Accepted Answer

Cash profit sharing plans are typically easy to understand and administer, making them a good choice for companies with a large number of uneducated laborers. This type of plan distributes a portion of the company's profits to employees based on a predetermined formula. It is a simple way to incentivize employees to work hard and contribute to the company's success.