Which of the following statements best describes forms of variable pay?

Question

Quizplus · Accepted Answer

Gain sharing is a form of variable pay that involves sharing the financial gains of increased productivity with employees. It is typically a group-based incentive plan and is designed to motivate employees to work together to improve productivity and reduce costs. Profit-sharing plans, on the other hand, involve sharing a portion of a company's profits with employees, and are not the same as piece-rate plans. Stock options are a form of equity-based compensation and not a type of job-sharing pay plan. The final statement about intrinsic and extrinsic rewards is not a characteristic of variable pay plans but rather a general statement about motivation theory.

Which of the Following Statements Best Describes Forms of Variable