_____ is defined as a compensation system in which companies share the financial value of performance gains, such as increased productivity, cost savings, or improved quality, with their workers.
A)Skillbased pay
B)Gainsharing
C)Piecework
D)Profit sharing
E)Structural accommodation

Question

_____ is defined as a compensation system in which companies share the financial value of performance gains, such as increased productivity, cost savings, or improved quality, with their workers.
A)Skill­based pay
B)Gainsharing
C)Piecework
D)Profit sharing
E)Structural accommodation

Quizplus · Accepted Answer

Gainsharing is the compensation system where companies share the financial value of performance gains with their workers. Skill-based pay is a system where employees are rewarded based on their skills and knowledge. Piecework is a system where employees are paid based on the number of items they produce. Profit-sharing is a system where employees are given a portion of the company's profits. Structural accommodation refers to changes made to the workplace to accommodate the needs of employees with disabilities.

_____ Is Defined as a Compensation System in Which Companies