Katie owns a catering company where employees work both in preparing the food as well as serving at the events.What would be the best compensation system?

Question

Quizplus · Accepted Answer

A profit-sharing plan would incentivize employees to work efficiently and make the events successful, as they would directly benefit from the company's profits. Time-based compensation may not accurately reflect the amount of work and effort put in, while piece rate and commission may not be suitable for a catering company where tasks differ in complexity and scope.

Katie Owns a Catering Company Where Employees Work Both in Preparing