Which of the following is a method used for compensating employees for team participation and accomplishments?
A)hourly wages
B)gainsharing
C)piecework pay
D)retained earnings

Question

Which of the following is a method used for compensating employees for team participation and accomplishments?
A)hourly wages  
B)gainsharing  
C)piecework pay  
D)retained earnings

Quizplus · Accepted Answer

Gainsharing is a method used to compensate employees for team participation and accomplishments. Gainsharing involves setting up a program that rewards employees for reducing costs or increasing productivity in a work unit. It focuses on the overall success of the team rather than individual performance. Hourly wages, piecework pay and retained earnings are not specific methods for compensating team participation and accomplishments.

Which of the Following Is a Method Used for Compensating