In Utilities Corp., workers are paid an amount of money for each unit made with a predetermined standard. Which of the following types of pay plan is used by Utilities Corp.?
A)Realtime pay
B)Compressed pay
C)Piecework
D)Batch processing
E)Commission

Question

In Utilities Corp., workers are paid an amount of money for each unit made with a predetermined standard. Which of the following types of pay plan is used by Utilities Corp.?
A)Real­time pay
B)Compressed pay
C)Piecework
D)Batch processing
E)Commission

Quizplus · Accepted Answer

Piecework pay plan pays employees a fixed amount for each unit of production. This type of pay plan aligns the interests of the company and the employee, as the employee is motivated to produce more units to earn more money, and the company benefits from increased production.